Glastonbury,Ct First Quarter Market Report

Glastonbury Market Report: 1^st Quarter 2008 Compared to First Quarter 2007

Residential

Jan.1, 2007 - March 31,2007

Number closed - 74
Average Sale Price - $455,310
Price/Sq.Ft. - $177.92
Average Days on Market - 57

Jan.1,2008 - March 31, 2008

Number Closed - 63
Average Sale Price - $432,051
Price/Sq.Ft. - $173.75
Average Days on Market - 54

Overall prices are down by 5.2%, sales are down 15% comparing the first quarter of 2007 to the first quarter of 2008. There are 161 active listings on the market.

Condominiums

Jan.1, 2007 - March 31, 2007

Number Closed - 29
Average Sale Price - $206,916
Price/Sq.Ft. -$163.63
Average Days on Market - 54

Jan.1, 2008 - March 31, 2008

Number Closed - 20
Average Sale Price - $192,931
Price/Sq.Ft. - $155.22
Average Days on Market - 61

Prices are down 6.8% and sales are down 31% comparing the first quarter of 2007 to the first quarter of 2008.