Preparing for the spring market here in Portland CT

As we prepare for the spring market here in Portland CT, I prepared a market analysis of the current market from Feb 2011 through Feb 2012.

If you are looking to sell or buy a home here in Portland CT, be sure to call me for up to the minute trends and inventory.

The Median Sales Price for Portland CT in January was $145,000, down -29.3% from $205,000 in January of 2011 and down -42.8% from $253,500 last month. The Average Sales Price in January was $138,833, down -32.3% from $205,000 in January of 2011 and down -48.6% from $270,250 last month. January 2012 ASP was at the lowest level compared to January of 2011 and 2010

This view of the Portland CT market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2012 was 14, up 100.0% from 7 last month and up 27.3% from 11 in January of last year.