August 2021 Real Estate Sales Report for Southington CT

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

Market Statistics for Southington CT August 2021

 

 

 August 2021 Real Estate Sales Report for Southington CT

 

Search for Homes in Southington CT

 

Currently in Southington CT there are 46 active residential listings for sale, with 20 new listings being added in August 2021. The homes for sale in Southington CT range from a 1,056 square ft, 2-bedroom mobile home listed at $70,000 to a 1,807 square ft, 3-bedroom, ranch listed at $1,650,000.

 

The average list price of the homes currently available for sale in Southington CT is $411,366. The average days on market for these homes are 40 days. In addition, there are currently 40 homes under contingency contract and 71 homes under hard deposit.

 

 August 2021 Real Estate Sales Report for Southington CT 

In August 2021, 77 homes closed in Southington CT. They ranged from a 750 square ft, 2-bedroom mobile home, which sold for $86,900 to a 4,625 square ft, 5-bedroom colonial which sold for $850,000. The average price for the homes that closed in August in Southington CT was $390,299 with an average days on market of 28 days.  The closed properties had a Sales price to List price ratio of 101%.

 

By comparison, there were 66 closings in Southington CT for the month of August 2020, with an average sales price of $335,896 and avg. days on market of 35. This indicates that for August of 2021, there were 11 more homes sold than in August 2020, at an average price almost 14% 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 less than a 1 month absorption rate, which is a strong seller's market. The Southington CT real estate market is definitely a very active sellers market.

 August 2021 Real Estate Sales Report for Southington CT 

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 maintaining strong price appreciation.

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

 

 Homes for sale in Southington CT

 

August 2021 Real Estate Sales Report for Southington CT

 

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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 (9)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Sep 09, 2021 07:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... when it comes to Southington, all I can say is "what slowdown are they all talking about?"

Sep 09, 2021 10:51 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it does not surprise me that August was a good month for sales in Southington.  In the past August has been a slow month for me, but that was not the case this year.  In fact August was one of my best months so far.

Sep 09, 2021 01:47 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Good information Ed.  Looks like a strong seller's market in your part of the world.

Sep 09, 2021 05:47 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva I can always count on you for a beautiful market report of your local area

Sep 09, 2021 06:11 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.

Sep 09, 2021 06:16 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Homeowners will be glad to read that there was a strong Real Estate market in Southington for August. Good information Ed.

Sep 10, 2021 04:22 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

As the sign says Southington is ripe with possibilities and you are certainly the agent to call in the area!

Sep 10, 2021 06:26 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Ed and thanks for market report for us here in the Rain.  I always try to confirn others market with Denver, Colorado.

 

Sep 10, 2021 08:28 AM