Prospect CT 2011 Real Estate Market Report

Prospect CT 2011 Real Estate Market Report

In 2011, 59 homes were sold in Prospect CT, with an average sale price of $270,740 and an average of 97 days on market. The homes that sold ranged from a 672 sq. ft. 2 bedroom ranch that sold for $22,000, to a 2350 sq. ft. 3 bedroom contemporary colonial that sold for $452,309.

The absorption rate for Prospect CT in 2011 was 4.92 homes sold per month. With an average of 57 homes on the market at any given time during 2011, that leaves Prospect CT with 11.58 months of inventory remaining.

2011 was a good year for the majority of buyers in Prospect, as the average SP/LP ratio was 96% and average sale prices were down 8% from 2010’s sale prices. The good news in this for sellers is that average days on market remained around 3 months, and the average sales price/list price ratios have been consistently well above 90%. Sellers, you can definitely get your Prospect CThome sold in a reasonable amount of time, if you list it at market values consistent with its condition.

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For more information about Prospect CT, you can visit the following:

Prospect CT Real Estate - Market Update - prior Prospect CT market reports

Prospect CT Schools

Fusco Field - Prospect CT

Hotchkiss Field - Prospect CT

Caplan Park - Prospect CT

Canfield Park - Prospect CT

McGrath Park - Prospect CT

Prospect CT Pumpkin Festival - July 24 2009

For more details about the Prospect CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Prospect CT houses for sale.

© William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.