SOUTHBURY CT-REAL ESTATE MARKET REPORT for MAY 2015

SOUTHBURY CT-REAL ESTATE MARKET REPORT for MAY 2015

Southbury CT

 

What does the real estate market look like in Southbury CT?  Entering into the summer months, Southbury CT is seeing plenty of activity as buyers search for homes in a plentiful housing market. Buyers are looking for a great bargain, though, so they are willing to wait for the right home to come along before they put in an offer.

 

median active home for sale in Southbury CT

There are 170Southbury CT homes for sale, with an average listing price of $475,791 and a median listing price of $424,750.

 

 

 

 

 

There are 47 pending sales (under contract), with an average asking price of $385,514, a median asking price of $360,000, and an average of 105 days on market before accepting an offer.

 

 

 

 

median home sold in Southbury CT11homes were sold in Southbury CT in the month of May, with an average sale price of $567,677, a median sale price of $417,000, and an average of 150 days on market before receiving an offer. By comparison, in May 2014,13homes were sold in Southbury CT, with an average sale price of $336,838, a median sale price of $323,000, and an average of 93 days on market before receiving an offer.

 

 

              

So, what does this mean?Given the fact that there isn’t much of a difference in Southbury CT between the number of sales in May 2014 and May 2015, the clearly dominating factor is price. Buyers will make offers on homes that are priced correctly much sooner than those that may be out of their reach. If buyers do not see the value that your home is offering, perhaps a second discussion with your agent about the price or any improvements that you as a seller can make may be in order.

 

Click on Southbury CT Real Estate – Market Updatesto see prior Southbury CT market reports.

Looking to relocate to Southbury CT? Visit Looking For A Reason to Move-Destination: Southbury CT.

Are you looking for a home in Southbury CT? Click on Southbury CT homes for sale to find homes in your price range.

 

For further information about the Southbury 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 Southbury CT homes for sale.

  

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

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