What's My Middlebury CT Home Worth May 2015
Currently in Middlebury CT there are 108 active residential listings for sale, with 9 new listings being added in May. The homes for sale in Middlebury CT range from a 672 square ft, 2-bedroom ranch listed at $125,000 to a 2,862 square ft, 4-bedroom, estate on 5 acres listed at $2,250,000.
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The average list price of the homes currently available for sale in Middlebury CT is $462,994. The average days on market for these homes are 121 days. In addition, there are currently 9 homes under contract in Middlebury CT.
In May 2015, 7 homes closed in Middlebury CT. They ranged from a 1,427 square ft, 2-bedroom cape which sold for $214,900 to a 3,042 square ft, 3-bedroom tudor which sold for $490,000. The closed homes had an average sales price of $278,957 and avg. days on market of 112.
By comparison, there were 7 closings in Middlebury CT for the month of May 2014, with an average sales price of $307,571 and avg. days on market of 52. This demonstrates that for May of 2015, the market in Middlebury was similar in units sold compared to May of the previous year, but with a 10% decrease in average value.
For the year 2014, the market sales or absorption rate was 5 sales per month, with an average sales value of $307,914 and average days on market of 106.
For the year first quarter of 2015, the market sales or absorption rate for Middlebury CT was 3 sales per month, with an average sales value of $284,625 and average days on market of 128. This rate with the inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Middlebury CT for the previous 12 month period with inconsistent numbers from month to month. The values in Middlebury CT have not yet stabilized.
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 Middlebury 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 Middlebury CT.
Middlebury CT Real Estate Sales Report for May 2015
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