WOLCOTT CT-REAL ESTATE MARKET REPORT for JULY 2015
What does the real estate market look like in Wolcott CT? Real estate prices in Wolcott CT remain below where they were at this time last year, but that hasn't discouraged homeowners from putting their homes on the market. This is partly due to the rise in pending prices and days on market for both pending sales and homes sold being under 3 months, so sellers are anticipating quick sales of their homes.
There are 122 Wolcott CT homes for sale, with an average listing price of $288,337 and a median listing price of $269,900.
There are 60 pending sales (under contract), with an average asking price of $245,213, a median asking price of $244,950, and averaging 73 days on market before receiving an offer.
15 homes were sold in Wolcott CT in the month of July, with an average sale price of $211,420, a median sale price of $220,000, and an average of 67 days on market before accepting an offer. By comparison, in July 2014,8 homes were sold in Wolcott CT, with an average sale price of $246,863, a median sale price of $239,250, and an average of 91 days on market before accepting an offer. This year's figures represent a 14% decrease in average sale prices, and a 26% decrease in average days on market, from last year.
So, what does all of this mean? Relatively rapid home sales (under 3 months for both homes sold and homes under contract) is signalling to homeowners that, despite declining prices, that this is the most opportune time to put their homes o the market. In order to get the most for your home if you do decide to sell, make sure that you speak with a realtor who knows the Wolcott CT real estate market, will properly price your home based on current market conditions, and will provide you with the tips to make your home stand out and entice buyers to make offers right away.
Click Wolcott CT Real Estate - Market Updates for prior Wolcott CT real estate market reports.
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For more details about the Wolcott CT market and to determine if this is the right time to sell, call me at (203) 558-7463(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 Wolcott CT homes for sale.