Middletown Market Report

By
Real Estate Agent with Prudential Ct. Realty

Market Report for Middletown for September and 1st 3 Quarters

  

Residential

September
Active - 152
New Listings - 52
Deposits - 20
Closed - 24
Average Sale Price - $211,372
SP/Sq.Ft - $145.12
DOM - 55

1/1/2008 - 9/30/2008
Closed - 199
Average Sale Price - $253,137  Median Sale Price - $228,000
SP/Sq.Ft. - $155.08
DOM - 65

1/1/2007 - 9/30/2007
Closed - 309
Average Sale Price - $268,082  Median Sale Price - $250,500
SP/Sq.Ft. - $156.91
DOM -60

Number of sales are down 36% compared to last year.  Average sale prices are down 5.6% and median sale prices are down 9%.  September saw a drop of 16.5%compared to the first 9 months of the year.  Hopefully this is not a trend.

Condominiums

September
Active - 76
New Listings - 27
Deposits - 10
Closed - 15
Average Sale Price - $161,533
SP/Sq.Ft - $142.54
DOM - 72

1/1/2008 - 9/30/2008
Closed - 136
Average Sale Price - $169,319  Median Sale Price - $154,000
SP/Sq.Ft. - $149.94
DOM - 82

1/1/2007 - 9/30/2007
Closed 182
Average Sale Price - $161,523   Median Sale Price - $156,100
SP/SqFt - $146.08
DOM - 48

Sales are down 25.3% compared to last year.  Average sale price is up 4.8% and median is down by 1.4%.  Overall condo sales are faring better than residential.

  

  

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Topic:
Real Estate Market Trends
Location:
Connecticut Middlesex County Middletown
Tags:
buyers
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market report
middletown
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sellers

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Marabeth, I too hope this is not a trend, and that we start to see a change in the other direction after the Holidays.

Oct 20, 2008 05:55 AM #1
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Rainer
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Marabeth Gildersleeve

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