First Quarter Middletown Market Report
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.