Easton CT - Weekly Real Estate Market Statistics Report - October 4, 2011

EASTON CT HOMES: The market is changing here, and I think its a bit more than just a seasonal adjustment.  As of this morning, there are  91 homes actively on the market for 120 days and are listed at an average price of $824,450. The median price in Easton has continued to dip from  a few weeks ago, and is down another $30,000 from just last week to $639,450. The highest available listed home price is $2,398,000 and the lowest price is $294,900.

SINGLE FAMILY HOME INVENTORY based upon the current absorption rate: 12.43 months, and down over the last few weeks. The goal for a neutral market in Easton is about eight months.

Three new listings came on the market  this week, and no homes came back on the market after being under deposit, and six properties had a price change. One property has  gone under the initial deposit stage, and no homes went into  pending status, (which means that the conditions have been satisfied).

There are currently 8 homes townwide in Pending status, and their average price is $816,218.

CLOSINGS: Three properties were reported as sold this past week, and were listed at an average price of $673,300. their average market time was 111 days. There were 18 status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price is $2,375 per month. There are seven homes or apartments available, and they are listed at an average price of $2,792 per month, and have been on the market approximately 67 days.

Click here  for FOURTH  QUARTER  MARKET FORECAST AND ADVICE

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

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