Newington CT Market

By
Industry Observer

 

Our local market is still in very good shape.   While total sales are about the same as this time last year, the median price is slightly up.   Prices only seem to go down on the asking price when sellers are in a tough position and must sell.  Inventory is about the same as last year at this time.  Inventory is about 4 months, so definitely a Buyers market, but still very good for the sellers as well.

Unfortunately, buyers and sellers are listening to radio/TV and newspapers about the gloom and doom of the market.   Now is the time to buy and sell, not later this year.    The great inflation is over, but prices are holding generally steady.

Recent real estate articles by local Realtor associations have been getting this word out.  Hopefully soon enough for the spring market.

What is the market like in other cities in CT ?    Lets get the truth out about Connecticut, one town at a time.

 

Posted by

John Oman

Retired Realtor

Office IT and Admin

Century21 Stamm Eddy

860 402-3404

John.Oman@JohnOman.com

 

Comments (2)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

John I agree!!!!!

We are in good shape here in Connecticut, now if we can only get the new media to report the truth in stead of the hype we would be able to make it even better. 

May 06, 2008 01:50 PM
CT Low Mortgage Rates CT VA Mortgage,CT , CT USDA Loans
Connecticut FHA Mortgage Loans, CT Mortgages - Danbury, CT
First Time Home Buyers

I agree, the Connecticut market is still going strong. There are a lot of first time home buyers out there and now is the time for them to make the move to buy while it's a buyers market, too many people wait and think the market will go lower only to find out the missed the boat and mortgage rtates went up and the market turns into a sellers market with multiple offers on homes. First timehome buyers "now is a great time to buy a home"

May 09, 2008 10:53 AM