My New Outside Blog: Ellington CT Real Estate Market Report – Sept 2011

Ellington CT Real Estate Market Report – Sept 2011

 

Ellington CT Real Estate Market Report – Sept 2011. Right now there are currently 98 active homes for sale in the Ellington CT market ranging in price from 50k to 1.7 million and 21 homes under deposit.  In the past year from 9/1/10-8/31/11 we have seen 91 Ellington homes sell for an average price of 298k which is considerably lower than the year prior 9/1/09-8/31/10 which saw 114 homes sell at an average price of 335k.

 Ellington Ct Real Estate Market Report

The Ellington market report does show some positive signs as we look at August though. The average and median sale price of homes in Ellington is up considerably from the six months prior.  August Property sales were 12, up 140.0% from 5 in August of 2010 and 100.0% higher than the 6 sales last month. The Total Inventory of Properties available for sale as of August was 112, down -9.7% from 124 in July.

Ellington Ct Real Estate Market Report

And one of the most positive things we are seeing is the downward trend in Days on Market. The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 56, down -31.7% from 82 days last month and down -15.2% from 66 days in August of last year. The August 2011 DOM was at its lowest level compared with August of 2010 and 2009.

Ellington Ct Real Estate Market Report

Ellington CT is a fantastic place to call home with excellent schools, great parks, shops, and a beautiful country location.  Subscribe to my blog for more info on Ellington CT and Ellington CT Real Estate. If you are interested in BUYING or SELLING a home in Ellington CT call Jeremy Joslin at (860)748-9381 your Ellington Neighborhood Realtor.

 

 

 

Comment balloon 0 commentsJeremy Joslin • September 17 2011 08:46PM

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