September 2009 Market Watch for Cheshire

 

Cheshire Active Listings: There are a total of 145 house properties actively on the market with the average price of $483,999 in Cheshire.

Cheshire Sold/Sale Pending: There are currently 52 properties with sales pending and 130 properties that closed this year.  The average sold price for Cheshire was $384,511 and average time on market was 84 days.  The average current list price to sold price ratio was 96.5%, meaning these sellers received on average 96.5% of what they were asking for their property at the time it sold. Over the last month we have seen some incredible activity in Cheshire with more houses going to contract. 29 houses closed last month with an average of 85 days on the market and average sale price of $411,990.  That is up from July, a great sign.

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 9.6 months.

Data based on the last 6 months ending on September9th, data provided by the Multiple Listing Services