Watertown CT 2013 Real Estate Market Report

Watertown CT 2013 Real Estate Market Report

In 2013, 176 homes were sold in Watertown CT, with an average sale price of $206,615 and an average of 94 days on market. The homes that sold ranged from a 544 sq. ft. 1 bedroom ranch that sold for $30,000, to a 5125 sq. ft. contemporary that sold for $535,000.

The absorption rate for Watertown CT in 2013 was 14.67 homes sold per month. With an average of 125 homes on the market at any given time in Watertown CT, there are 8.5 months of inventory remaining.

2013 was a mixed year for the majority of sellers in Watertown CT compared to last year, with only a 1.9% decrease in average sales prices from last year’s sales prices; however, the volume of home sales has continued to increase over the last three years. As the average sales price/list price ratios continue to remain over 90% and days of market for homes sold are at the 3 month average, the best advice for Watertown CT home sellers is this: price your homes at market values based on its condition, and you can indeed sell your home quickly for a price that is acceptable to you.

For further information about the Watertown 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 Watertown CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.