May 2014 Real Estate Sales Report for Southington CT

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

Market Statistics for Southington CT May 2014

 

 May 2014 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 261 active residential listings for sale, with 65 new listings being added in May. The homes for sale in Southington CT range from a 792 square ft, 2-bedroom mobile home listed at $63,000 to a 10,099 square ft, 4-bedroom, country manor estate on 9 acres listed at $4,900,000.

 

The average list price of the homes currently available for sale in Southington CT is $357,156. The average days on market for these homes are 83 days. In addition, there are currently 69 homes under contract in Southington CT, with 32 having gone under contract in May.

 May 2014 Real Estate Sales Report for Southington CT

 

In May, 36 homes closed in Southington CT. They ranged from a 763 square ft, 2-bedroom ranch, which sold for $57,750 to a 3,665 square ft, 4-bedroom, new construction colonial which sold for $636,145. The average price for the homes that closed in May in Southington CT was $277,148 with an average days on market of 59 days.  The closed properties had a Sales price to List price ratio of 98%.

 

By comparison, there were 40 closings in Southington CT for the month of May 2013, with an average sales price of $281,425 and avg. days on market of 36. This indicates that for May of 2014, there were 4 more homes sold compared to May 2013, at an average price of .05% greater with more time on market. Southington CT is demonstrating a stabilizing to improved market for value only.

 

For the year 2013, the market sales or absorption rate was 36 sales per month, with an average sales value of $287,112 and average days on market of 75. This would project that the current inventory of homes is equivalent to a 7 month inventory, which is a slight buyer’s market.

 

 May 2014 Real Estate Sales Report for Southington CT

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with strong fluctuations from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to have stabilized and the market is demonstrating a shift to a seller’s market.

 

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

 

If you would like information on homes for sale in Southington CT please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Southington CT.

 

May 2014 Real Estate Sales Report for Southington CT

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

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Topic:
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Connecticut Hartford County Southington
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Tags:
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Rainmaker
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David Saks
(retired) - Memphis, TN

Fine post. Have a terrific day and a fine week ahead.

Jun 29, 2014 06:27 PM #1
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. Nice job with your report. Southington is doing quite well compared to some of the other parts of the state. Better employment numbers would help a lot.

Make it a great week!

Jun 29, 2014 08:27 PM #2
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Thanks David and for stopping by as well.

Joe, it is the single bright spot down in this area

Jun 29, 2014 10:26 PM #3
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