Homes for Sale in Avon - January 2010 Market Report

Homes for Sale in Avon
Real Estate Market Action Report for January, 2010

The data for the month of January 2010 as it relates to homes for sale in Avon is:

• Property Sales
• Inventory
• Market Time
• Selling Price vs. Original Listing Price

Property Sales
The number of homes that sold in Avon CT in January 2010 was 12. This was a decrease of 52% compared to 25 homes that sold the prior month. However, this was an increase of 33.3% from 9 in January 2009.

Inventory
The number of homes available for sale in Avon has remained pretty consistent over the last several years. The total inventory of properties available as of January 2010 was 140 which is an increase of .7% from 139 in December, although down 11.9% from 159 homes for sale in Avon in January of 2009.

Market Time
The term average Days on Market (DOM) shows how many days the average property is on the market before it sells. The DOM for Avon was 48 for January 2010. This is a 53.8% decrease from 104 days the prior month. This downward trend of DOM for homes for sale in Avon could indicate a seller's market. However, you would want to see a downward trend for several months before reaching that conclusion.

Selling Price vs. Original Listing Price
The selling price versus the original listing price reveals the average amount that sellers are willing to come down from their original listing price. In January, the current ratio for homes for sale in Avon is 95.2%.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for your new home for sale in Avon. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please do not hesitate to give me a call at (860) 798-3272 or send an email to burkecthomes@gmail.com, so I can further assist you in this important decision.