December 2009 Market Watch for Cheshire CT

Cheshire Active Listings: There are a total of 146 house properties actively on the market with the average price of $472,787 in Cheshire.

Cheshire Sold/Sale Pending: There are currently 34 properties with sales pending and 191 properties that closed this year.  The average sold price for Cheshire so far this year was $376,756 and average time on market was 55 days.  The average current list price to sold price ratio was 95.78%, meaning these sellers received on average 95% of what they were asking for their property at the time it sold. 18 houses closed in November with an average of 107 days on the market and average sale price of $404,325.

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 6.0 months.  The current supply of homes on the market at this time is 10.46 months.


Data based on the last 6 months ending on December 4th, data provided by the Multiple Listing Services.