2012 Year End Real Estate Market Update for Watertown CT
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
2012 Year End Real Estate Market Update for Watertown CT For the year 2012, the market sales or absorption rate in Watertown CT was 14 sales per month. Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. Search for Homes in Watertown CT An inventory equivalent to a 6 months sale rate is considered a balanced market. Less than 6 months is a sellers’ market, and anything over 6 months is a buyers’ market. The average value for the homes sold in Watertown CT for the year was $209,322 with average days on market of 107. There are currently 117 homes available for sale in Watertown CT, which would be a 8+ month inventory at the absorption rate of 2012. The list price ratio to...
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