Real Estate Market Report For Enfield Connecticut from 11/28/2009-12/28/2009

Was getting anxious and wanted to look into some stats for Enfield, Ct Sales for the last month..and this is what has been cooking

Total Homes Sold- 18

Median Sale Price- $192.250

Total Homes for Sale- 142

Average Days on Market for Sold Homes- 84

Sales at asking price- 2

Sales over asking price-2

Sales under asking price- 14 (Not too low below surprisingly! See chart)

Homes to come on the market this month- 28

Simply broken down..that is what is going on. In the next week I will do a more accurate break down of the month. What I have seen is increased short sales and foreclosure activity in Enfield. I think that this is the reason for some homes getting above asking price. What I have also seen is normal homes that are not foreclosures come on the market that were priced at market value and sell within a short time (less than 30 days). The buyers are out there! The tax credit extension has really spiced things up. In the price range between 50,000-200,000 have seen the most activity. I think if you are a resident in Enfield and think your home fits in this price range, then it would be a excellent time to list after the New Year. The tax credit expires April 30, 2010 meaning buyers do not have a lot of time to look and secure a home. The average days on market is 84, that is almost three months...so really January is a great time to sell.

If I can shed anymore light on these stats, please leave a comment or if you would like to leave a confidential comment, e-mail me- Kristina@prudentialct.com

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