Prospect CT Real Estate and Homes For Sale, October 2009 Sales Report

Prospect CT Real Estate and Homes For Sale, October 2009 Sales Report

Home Sales for Prospect CT: October 2009 sales were 7, down 22.25% from 9 in October of 2008 and 16.7% higher than the 6 sales last month.

October YTD sales of 62 are running 5.10% ahead of last year's year to date sales of 59.

Prices - The Median sales price in October was $275,000 compared to $215,000 for last month and down -7.3% from $296,500 in October 2008.

Inventory - The total inventory of homes available for sale as of October was 51, down -5.6% from 54 last month and down -12.1% from 58 in October last year. October 2009 Inventory was at its lowest level compared with October on 2008 and 2007.

A comparatively low MSI (month's supply of inventory) is more beneficial for sellers while a higher MSI is better for buyers. The October 2009 MSI of 7.3 months was at a mid level compared with October of 2008 and 2007.

Market Time - The average Days On Market (DOM) shows how many days the average home is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Seller's market.

The DOM for October was 100 down -27.5% from 138 days last month and down -42.2% from 173 days in October of last year.