Market Statistics for Southington CT December 2020
Currently in Southington CT there are 101 active residential listings for sale, with 28 new listings being added in December. The homes for sale in Southington CT range from a 805 square ft, 2-bedroom mobile home listed at $58,900 to a 5,754 square ft, 5-bedroom, colonial listed at $725,000.
The average list price of the homes currently available for sale in Southington CT is $349,056. The average days on market for these homes are 98 days. In addition, there are currently 44 homes under contract in Southington CT, with 9 having gone under contract in December.
In December 2020, 46 homes closed in Southington CT. They ranged from a 962 square ft, 3-bedroom ranch, which sold for $129,900 to a 2,904 square ft, 4-bedroom colonial which sold for $570,000. The average price for the homes that closed in December in Southington CT was $346,142 with an average days on market of 64 days. The closed properties had a Sales price to List price ratio of 98%.
By comparison, there were 39 closings in Southington CT for the month of December 2019, with an average sales price of $328,831 and avg. days on market of 778. This indicates that for December of 2019, there were 5 less homes sold than in December 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.
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.
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.
December 2020 Real Estate Sales Report for Southington CT