Marabeth Gildersleeve's Central Ct Blog

Middletown Market Report

Middletown Market Report for Aug. and Sept. and 1^st 3 Quarters

Residential

Aug.1^st to Sept.30^th 2007                    Aug.1^st to Sept.30^th,2006

Active:  126

New Listings:  85

Deposits:  37

Closed:  66                                         Closed:79

Avg.Sale Price:  $268,747                 Avg.Sale Price:  $259,719

Avg.Days on Market:  66                 Avg. Days on Market:  56

Comparing Aug. 1^st to Sept.30^th,2007 to the same time period in 2006

sales are down 14.5%,  prices were up 3.5%and homes stayed on the

market an average of 10 days longer.  Overall things look fairly good

except for the decrease in sales.

Jan.1st to Sept.30th, 2007              Jan.1st to Sept.30th, 2006

Closed:  308                                       Closed:  303

Avg.Sale Price:  $267,654                 Avg.Sale Price:  $271,602

Avg.Days on Market:  60                 Avg.Days on Market:  64

Avg.Price/Sq.Ft.:  $157                      Avg.Price/Sq.Ft.:  $164

Comparing the 1^st 3 quarters of 2007 to the same time period in 2006,

sales are about the same, prices are down 1.5%, average days on the

market are about the same and average price per sq.ft. is down 4.3%.

Overall the Middletown market still looks fairly good and things are

holding fairly steady.  This does not take into consideration the homes

 that have had several price reductions before thay sold.

Condominiums:

Aug.1^st to Sept.30^th,2007                    Aug.1^st to Sept.30^th, 2006

Active:  94

New Listings:   40

Deposits:  14

Closed:  31                                         Closed:  48

Avg.Sale Price:  $154,398                 Avg.Sale Price:  $162,748

Avg.Days on Market:  38                 Avg. Days on Market:  38

For this time period, sales were down 35.4% and prices were down 5.1%.  We will

 have to wait to see if this trend continues.

Jan.1^st to Sept.30^th,2007                    Jan.1^st to Sept.30^th,2006

Closed:  188                                       Closed:  179  

Avg.Sale Price:  $160,470                 Avg.Sale Price:  $161,406

Avg.Days on Market:  48                 Avg.Days on Market:  37

Avg.Price/Sq.Ft:  $146                       Avg.Price/Sq.Ft:  $145

Overall the condo market seems fairly stable with no major changes in price or

price per sq.ft..  Condos are staying on the market an average of 11 days longer

 and number of sales are down 4.8%

Published Saturday, October 13, 2007 10:17 AM by Marabeth Gildersleeve