Market Statistics for Southington CT November 2020

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

November 2020 Real Estate Sales Report for Southington CT 

 Market Statistics for Southington CT November 2020

 

Search for Homes in Southington CT

 

Currently in Southington CT there are 105 active residential listings for sale, with 45 new listings being added in November. The homes for sale in Southington CT range from a 805 square ft, 2-bedroom mobile home listed at $52,900 to a 0,318 square ft, 5-bedroom, colonial listed at $1,390,000.

 

The average list price of the homes currently available for sale in Southington CT is $371,635. The average days on market for these homes are 95 days. In addition, there are currently 47 homes under contract in Southington CT, with 9 having gone under contract in November.

 

Market Statistics for Southington CT November 2020 

In November 2020, 52 homes closed in Southington CT. They ranged from a 1,140 square ft, 3-bedroom mobile home, which sold for $107,900 to a 8,193 square ft, 6-bedroom colonial which sold for $850,000. The average price for the homes that closed in November in Southington CT was $326,412 with an average days on market of 16 days.  The closed properties had a Sales price to List price ratio of 101%. 

By comparison, there were 47 closings in Southington CT for the month of November 2019, with an average sales price of $277,652 and avg. days on market of 778. This indicates that for November of 2019, there were 5 less homes sold than in November 2020, at an average price almost 15% greater than the same period in 2019 with less time on market.

 

For the year 2019, the market sales or absorption rate was 42 sales per month, with an average sales value of $299,638 and average days on market of 69.

For the first quarter of 2020, the market sales or absorption rate for Southington CT was 52 sales per month, with an average sales value of $288,076 and average days on market of 65.

 

For the second quarter of 2020, the market sales or absorption rate for Southington CT was 49 sales per month, with an average sales value of $303,551 and average days on market of 57. 

 

For the third quarter of 2020, the market sales or absorption rate for Southington  CT was 64 sales per month, with an average sales value of $329477 and average days on market of 38. 

With this rate and the current inventory, there would be a 3+ month absorption rate, which is a strong seller's market. The Southington CT real estate market is showing a positive improvement in values.

 Market Statistics for Southington CT November 2020

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be demonstrating a shift to greater values.

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. 

 Southington CT Homes for Sale

November 2020 Real Estate Sales Report for Southington CT

 

Posted by

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

 

    www.ctshortsalesilva.com

 

 

 

 

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  Mapleridge Realty, LLC,   203-206-0754

Comments (5)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Ed, there's no doubt that Southington, CT home buyers and seller would benefit using your services!

Dec 16, 2020 01:15 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed, the numbers are going in the right direction.  Southington is a excellent town to purchase a home in.

Dec 16, 2020 02:09 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Southington home buyers and sellers are sure to value your real estate market report, Ed.

Dec 16, 2020 05:19 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nice report, Ed, on Southington home sales. Loved the picture of the red Victoria home... just my style.

Dec 17, 2020 03:51 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello Ed. Looks as though you have quite the busy marketplace and I really do enjoy the architecture in the photos!

Dec 17, 2020 09:57 AM