June 2009 Market Watch For Cheshire

Cheshire Active Listings:  There are a total of 129 house properties actively on the market with an average price of $489,523 in Cheshire.

Cheshire Sold/Sale Pending:  There are currently 46 properties with sales pending and 52 properties that closed over the last 5 months. The average sold price for Cheshire was $369,720 and average time on market was 86 days. The average current list price to sold price ratio was 95%, meaning these sellers received on average 95% of what they were asking for their property at the time it sold.

Absorption Rate/Supply:  The definition of absorption rate is the number of weeks it takes to sell the current inventory at the present rate of sales. Absorption rates tell us how many months of supply is on the market based on historical data. For our purposes, we are tracking data over the last 5.0 months. The current supply of homes on the market at this time is 12.0 months.

 

Data based on the last 5 months ending, Mary, 31st, data provided by the Multiple Lisitng  Service.