Market Statistics for Southington CT January 2021
Currently in Southington CT there are 82 active residential listings for sale, with 35 new listings being added in January 2021. The homes for sale in Southington CT range from a 700 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 $355,062. The average days on market for these homes are 101 days. In addition, there are currently 53 homes under contract in Southington CT, with 18 having gone under contract in January.
In January 2021, 31 homes closed in Southington CT. They ranged from a 1,044 square ft, 3-bedroom cape, which sold for $188,500 to a 5,684 square ft, 4-bedroom colonial which sold for $781,000. The average price for the homes that closed in January in Southington CT was $391,559 with an average days on market of 46 days. The closed properties had a Sales price to List price ratio of 101%.
By comparison, there were 27 closings in Southington CT for the month of January 2020, with an average sales price of $291,507 and avg. days on market of 72. This indicates that for January of 2021, there were 4 more homes sold than in January 2020, at an average price almost 25% greater than the same period in 2020 with less time on market.
For the year 2020, the market sales or absorption rate was 50 sales per month, with an average sales value of $318,427 and average days on market of 45.
With this rate and the current inventory, there would be a 1+ 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.
January 2021 Real Estate Sales Report for Southington CT