July 2009 Market Watch for Cheshire

 

Cheshire Active Listings: There are a total of 142 house properties actively on the market with the average price of $488,408 in Cheshire.

Cheshire Sold/Sale Pending: There are currently 56 properties with sales pending and 79 properties that closed over the last 6 months.  The average sold price for Cheshire was $392,553 and average time on market was 82 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 6.0 months.  The current supply of homes on the market at this time is 11.0 months.

Data based on the last 6 months ending on June 30th, data provided by the Multiple Listing Services.