October 2010 Market Watch
October 2010 Market Watch for Cheshire CT
Cheshire Active Listings: There are a total of 167 properties actively on the market with an average list price of $467,679.
Cheshire Sold/Sale Pending: There are currently 27 properties with sales pending and 113 properties that closed in the past 6 months. The average sold price for Cheshire is $367,977 and the average time on market is 83 days.
Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market. At the present time it will take a little over seven months to sell all of the current active listings, without adding any new homes for sale.
Data and charts based on the last 6 months, data provided by the Multiple Listing Services.
Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
