Middletown Market Report - First Quarter of 2007 and First Quarter of 2008
Residential
1/1/2007 - 3/31/2007
Closed Sales - 89
Average Sale Price - $264,732
Average Price/Sq.Ft - $155.03
Average Days on Market - 66
1/1/2008 - 3/31/2008
Closed Sales 51
Average Sale Price - $255,733
Average Price/Sq.Ft. - $163.02
Average Days on Market - 64
Overall the number of sales are down 42.7%, a major drop. Prices are down 3.4% which isn't too bad and days on the market are about the same. There are 164 homes on the market.
Condominiums
1/1/2007 - 3/31/2007
Closed Sales - 48
Average Sale Price - $165,977
Average Price/Sq.Ft - $142.16
Average Days on Market - 51
1/1/2008 - 3/31/2008
Closed Sales - 44
Average Sale Price - $181,718
Average Price/Sq.Ft - $153.04
Average Days on Market - 58
The number of sales are down 8.4%, but the prices are up by 9.5%. The condo market in Middletown seems to be faring better than the housing market. There are 89 condos on the market.
 |
|
|
As a 25 year veteran of the real estate business, I specialize in Hartford and Middlesex counties. My clients needs are my #1 priority! Call if you have anyone relocating to my area.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Marabeth, this is not what we want to see, but it is not anywhere near the doom and gloom picture the that Media has been painting.