MIDDLEBURY CT-REAL ESTATE MARKET REPORT for JANUARY 2014
What does the real estate market look like in Middlebury, CT? Well, the number of homes that have been sold has remained rather constant over the last few months, and average sale prices are still higher than last year’s average sale prices. This bodes well for those looking to sell their homes in Middlebury.
There are currently 38 Middlebury CT homes for sale, with an average listing price of $545,096, and a median listing price of $375,000.
There are 7 pending sales (under contract), with an average asking price of $346,657 and a median asking price of $359,000.
5 homes were sold in Middlebury CTin the month of January, with an average sale price of $297,800 and a median sale price of $355,000. By comparison, in January2013, 3 homes were sold, with an average sale price of $284,867 and median sale price of $329,600.
The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer’s interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
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If you are looking to buy a home in Middlebury CT, click onMiddlebury CT homes for saleto search for homes in your price range.
For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.