Plymouth CT-Real Estate Market Report for June 2015
What does the real estate market look like in Plymouth, CT? Real estate prices in Plymouth CT have bounced between $125k and 175K over the last year and the number of sales has been consistent with past market performance – sales being down during the winter months and rebounding once the summer starts. The number of pending sales and pending prices are also consistent and do not reflect any major shifts in the real estate market in favor of home sellers.
There are 88 single family Plymouth CT homes for sale, with an average listing price of $191,653 and a median listing price of $174,700.
There are 32 pending sales (under contract), with an average asking price of $167,863, a median asking price of $159,900, and an average of 71 days on market before accepting an offer.
You can get a better sense of what the real estate market for Plymouth CT looks like by viewing the information by zip code:
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14 homes were sold in Plymouth CT in the month of June, with an average sale price of $175,929, a median sale price of $166,250, and averaging 67 days on market before accepting an offer. By comparison, in June 2014, 15 homes were sold in Plymouth CT, with an average sale price of $169,407, a median sale price of $152,000, and averaging 132 days on market before accepting an offer. This year’s figures represent a 3.85% increase in average sale prices, and a 49% decrease in average days on market, from last year.
So, what does all of this mean? Lower days on market is usually a good sign for sellers already in the market to sell their homes, but without a significant increase in average sale prices, does not translate into more homes being on the market for buyers. If you are thinking about putting your home on the market, consult with a competent realtor who knows the Plymouth CT real estate market, will price your home based on market conditions, and will help you to maximize your home’s curb appeal in order to attract potential buyers and get offers quickly.
Go to Plymouth CT Real Estate – Market Update for prior Plymouth CT market reports.
Looking to relocate to Plymouth CT? Visit Looking For A Reason to Move-Destination: Plymouth CT.
Are you looking for a home in Plymouth CT? Click on Plymouth CThomes for sale to find homes for sale in your price range.
For more information about the Plymouth 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 Plymouth 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.