Waterbury  CT First Quarter 2021 Real Estate Market Analysis

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

Waterbury  CT First Quarter 2021 Real Estate Market Analysis

The year 2020 was an unusual year for so many reasons.  With the pronouncement of the pandemic back in mid February of the year, the world watched in disbelief as the virus spread at an incredibly fast pace and affected all ages all over the  world.

In the world of real estate, the exuberance of the business that had started in 2019 started to slow as people became wary of venturing into homes not knowing who was there or their state of health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families.

 Waterbury  CT First Quarter 2021 Real Estate Market Analysis

For the year 2020, the market sales or absorption rate was almost 78 sales per month, with an average sales value of $154,998 and average days on market of 56.

For the first quarter of 2021, the absorption rate was slightly more than 74 sales per month with an average sales value of $179,294 and average days on market of 47.

By comparison for the first quarter of 2020, the absorption rate was 52 sales per month with an average sales value of $127,546 and average days on market of 62.  This is a 35% increase in units sold with almost a 30% increase in values with less time on market. 

 

While sales are consistent and lag the previous year's annual volume, once we get into the warmer weather the volume will change assuming listing are made available on market. As is prevalent across the area and the country there were less listings put up and competition for those that were as aggressive.

Waterbury  CT First Quarter 2021 Real Estate Market Analysis 

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 Waterbury 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 Waterbury CT.

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Waterbury  CT First Quarter 2021 Real Estate Market Analysis

 

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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 (7)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... comparing March and April numbers this year to last year will show some odd results (at least in my area when most showings were stopped from late March through April).

May 07, 2021 06:34 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Friday Ed and thanks for your market report for Ct. Area.  Hope your phone is ringing.

 

May 07, 2021 09:08 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

May 07, 2021 10:14 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

May 07, 2021 01:40 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed home values continue to go up, and sell quickly.  Let's hope inventory increases.

May 07, 2021 03:57 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Nina Hollander, Broker   Thanks for the thought, I updated the post to reflect the first quarter of 2020 against the same period in 2021 and it was far different.

 

Will Hamm   Not as much as it as was I put a spam blocker app on it.  I don't need another credit card  or more insurance

May 09, 2021 12:51 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Roy Kelley   Thank you

Myrl Jeffcoat   Some do and let me know about it as well.

George Souto   I would like to hope that the people that are making these big purchases will keep up with their jobs.

May 09, 2021 12:54 PM