Homes for Sale in Wethersfield - January 2010 Market Report

Homes for Sale in Wethersfield
Real Estate Market Action Report for January, 2010

The data for the month of January 2010 as it relates to homes for sale in Wethersfield is:

• Property Sales
• Inventory
• Market Time
• Selling Price vs. Original Listing Price
  

Property Sales
The number of homes that sold in Wethersfield CT in January 2010 was 13. This was an increase of 30% compared to 10 homes that sold the prior month. This was also an increase of 160% from 5 in January 2009.

Inventory
The number of homes available for sale in Wethersfield has remained pretty consistent over the last several years. The total inventory of properties available as of January 2010 was 114 which is an increase of 12.9% from 101 in December, although down 8.1% from 124 homes for sale in Wethersfield in January of 2009.

Market Time
The term average Days on Market (DOM) shows how many days the average property is on the market before it sells. The DOM for Wethersfield was 86 for January 2010. This is a 244% increase from 25 days the prior month. This upward trend of DOM for homes for sale in Wethersfield indicates a buyer's market.

Selling Price vs. Original Listing Price
The selling price versus the original listing price reveals the average amount that sellers are willing to come down from their original listing price. In January, the current ratio for homes for sale in Wethersfield is 92.8%.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for your new home for sale in Wethersfield. Each month, I will give you the all the information you need to understand this. As always, if you need further answers or clarification please do not hesitate to give me a call at (860) 798-3272 or send an email to burkecthomes@gmail.com, so I can further assist you in this important decision.