2BR condos in Danbury (2009 and 2010)

In one of my previous posts I showed how median selling price of 2 bedroom condos in Danbury behaved during the years of 2007, 2008, and 2009.

And in a more recent post this week I also showed that the median price for 2BR condos sold between Jan and Aug 2009 and 2010 were $200,000 and $212,250 respectively. It is aprox. 25% below the median price in 2008, but it looks promising. Also, the ratio between SellingPrice /ListingPrice in 2009 was higher (6.84%) than in 2010 (4.36%). In other words, back in 2009 buyers were offering a much lower price than the listing price.

It would seem as we are finally seeing an improvement in terms of selling prices for this particular segment of the market in Danbury.

Maybe a sign of hope for better times finally coming?