MIDDLEBURY CT-REAL ESTATE MARKET REPORT for MAY 2015
What does the real estate market look like in Middlebury, CT? At this point, pending sales are up markedly from what they were a few months ago. Sellers are definitely in the mood to sell, as the number of homes on the market is also up from what it usually has been at this time of the year.
There are currently 92Middlebury CT homes for sale, with an average listing price of $490,679, and a median listing price of $379,450.
There are 24 pending sales (under contract), with an average asking price of $358,392, a median asking price of $329,000, and the days on market before getting an acceptable offer averaging at 105 days.
7 homes were sold in Middlebury CT in the month of May, with an average sale price of $278,957, a median sale price of $355,000, and an average of 112 days on market before receiving an offer. By comparison, in May 2014, 7 homes were sold, with an average sale price of $307,571, a median sale price of $320,000, and an average of 52 days on market before receiving an offer.
So, what does this all mean? For sellers in Middlebury CT, the fact that the same number of homes sold in less time last May as this May despite lower prices may present a bit of shock. Buyers are willing to pay for homes that they perceive have the most value for the amount of money they are willing to pay, and quickly, too. Thus, taking the extra step to prepare your home for sale makes all the difference between waiting months to receive an offer and getting an offer close to what you want soon after you list your home for sale.
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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.