THOMASTON CT-REAL ESTATE MARKET REPORT FOR JUNE 2015
What does the real estate market look like in Thomaston CT? Real estate prices have climbed over the past year in Thomaston, CT, even with a few dips along the way. Higher than normal sales over the past year on average has driven the amount of homes available for sale to almost 8 months worth of inventory. Days on market continue to remain on the high side, leaving sellers to wait for acceptable offers.
There are currently 45 Thomaston CT homes for sale, with an average listing price of $238,160 and a median listing price of $234,900.
There are 18 pending sales (under contract), with an average asking price of $198,336, a median asking price of $186,400, and an average of 70 days on market before receiving an acceptable offer.
8 homes were sold in Thomaston CT in the month of June, with an average sale price of $183,563, a median sale price of $135,500, and an average of 136 days on market before accepting an offer. By comparison, in June 2014, 3 homes were sold in Thomaston CT, with an average sale price of $208,300, a median sale price of $239,900, and an average of 123 days on market before accepting an offer. This year’s figures represent a 12% decrease in average sale prices, and an 11% increase in average days on market, from last year.
So, what does this all mean? Rising sale prices without a corresponding drop in days on market says that buyers continue to wait in their search for a Thomaston CT home that they can see the value in right away. Sellers who want to put their home on the market should consult with a real estate agent who knows the local housing market, will properly price your home based on the current market, and will help you to prepare your home to woo buyers quickly by maximizing your home’s curb appeal.
Prior Thomaston CT Real Estate – Market Updates can be accessed by clicking on the preceding link.
Are you looking to buy a home in Thomaston CT? Click on Thomaston CT homes for sale to search for homes in your price range.
For more details about the Thomaston 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 Thomaston CT homes for sale.