Market Statistics for Wolcott CT March 2019
Currently in Wolcott CT there are 93 active residential listings for sale. They range from a 1,130 square ft, 3-bedroom split level ranch listed at $78,300 to a 4,680 square ft, 3-contemporary listed at $899,000. The average list price of the homes currently available for sale in Wolcott CT is $292,644. The average days on market for these homes is 128 days. For the month of March, there were 22 new homes listed for sale in Wolcott CT. There are currently 21 homes under contract in Wolcott CT.
In March 2019, 14 homes closed in Wolcott CT. They ranged from a 912 sq ft, 3-bedroom ranch, which sold for $80,750 to a 2,480 Sq Ft, 3-bedroom colonial, which sold for $390,000. Average sales price of the homes that sold was $245,546. Average DOM of 89 days.
By comparison, there were 17 closings in Wolcott CT for the month of March 2018, with an average price of $239,008 and avg. days on market of 78. This would indicate that for March 2019 the number of homes sold was less by 3 for the comparable period in 2018 with a 3% increase in average value and with slightly longer days on market.
For the year 2018, the market sales or absorption rate was 15 sales per month, with an average sales value of $241,518 and average days on market of 80.
This rate with the current inventory would be a 6+ month absorption rate. The current market is still considered a buyer’s market, but trending to a neutral market.
The graph demonstrates the average monthly sales value in Wolcott CT for the previous 12 months with mild fluctuations from month to month in 2018, and a tendency to decreasing values over the last 3 months. The values in Wolcott CT are showing slight signs of improvement or consistency.
If you are interested in buying or selling a home in the Wolcott CT area send me an email or call and we can set up a time to meet.
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.
Wolcott CT Real Estate Sales Report for March 2019