Market Statistics for Southington CT August 2021
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.
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.
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.
August 2021 Real Estate Sales Report for Southington CT