Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013 As Realtors, we are always looking to see how our local real estate market is performing. The best way for us to do this is to compare it against the same time frame of the prior year or in some cases, several years before. In today's blog post, we are going to compare the performance of the first 6 months of 2014 vs the first 6 months of 2013. In the table below, is the information that we're going to discuss.
|# of SOLD Units||Average Closed Price||# of Days on Market|
So far the number of sold units in Newtown has increased over those sold in 2013; however, the average closed price has decreased by roughly $24,000. Also, the number of days on market has increased so it is taking a little longer for homes to sell.
We looked a little further into the data that was pulled from the multiple listing service (MLS). We noticed that so far this year, there have been no sales over $1 million or in the $800,000's. That alone, would cause the average sale amount to decrease.
Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013 is just a glimpse at our current market. As always, real estate is local and it's always evolving.