December 2020 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 17 active residential listings for sale, with 3 new listings being added in December. The homes for sale in Watertown CT range from a 1,556 square ft, 4-bedroom colonial listed at $144,900 to a 6,200 square ft, 5-bedroom, colonial listed at $1,355,000.
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The average list price of the homes currently available for sale in Watertown CT is $406,378. The average days on market for these homes are 133 days. In addition, there are currently 7 homes under contract in Watertown CT, with 3 going under contract in December.
In December 2020, 21 homes closed in Watertown CT. They ranged from an 954 square ft, 2-bedroom colonial, which sold for $74,000 to a 3,958 square ft, 5-bedroom colonial estate on 24 acres which sold for $1,200,000. The average price for the homes that closed in December in Watertown CT was $382,812 with average days on market of 106 days. The closed properties had a Sales price to List price ratio of 96%.
By comparison, there were 8 closings in Watertown CT for the month of December 2019, with an average sales price of $298,800 and avg. days on market of 63.
This indicates that for December of 2020, there was 13 more homes sold than in December 2019, with an average price 22% greater than for the same period for the previous year with slightly more time on market. This shows that there was an increase in value for units. This is a positive trend for Watertown CT.
For the year 2020, the market sales or absorption rate was 9 sales per month, with an average sales value of $331,301 and average days on market of 69.
This rate with the current inventory would be an 2 month absorption rate. The current market is a strong seller's market.
The graph demonstrates the average monthly sales value in Watertown CT for 2020 with strong growth across the second half of the year.
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 Watertown 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 Watertown CT.
Watertown CT Real Estate Sales Report for December 2020
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