SOUTHBURY CT-REAL ESTATE MARKET REPORT for DECEMBER 2013
What does the real estate market look like in Southbury CT? Well, Southbury CT continues to show a decline in average sales prices compared to last year, and the volume of sales has dropped as we go into 2014. The number of pending sales is promising for the start of the new year ahead, with pending prices looking to stay where average sale prices are right now.
There are 83 Southbury CT homes for sale, with an average listing price of $479,860 and a median listing price of $435,000.
There are 24 pending sales (under contract), with an average asking price of $372,200 and a median asking price of $389,900.
9 homes were sold in Southbury CTin the month of December, with an average sale price of $353,544 and a median sale price of $380,000. By comparison, in December 2012, 18 homes were sold in Southbury CT, with an averagesale price of $390,023 and a median sale price of $340,950.
The chart below shows the difference between the listing and sales prices for the homes sold in December, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
Click on Southbury CT Real Estate - Market Updatesto see prior Southbury CT market reports.
Looking to relocate to Southbury CT? VisitLooking For A Reason to Move-Destination: Southbury CT.
Are you looking for a home in Southbury CT? Click onSouthbury CT homes for saleto find homes in your price range.
For further information about the Southbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Southbury CT homes for sale.