August 2013 Real Estate Sales in Canton
August Sales for single family residences of 18 were 12.5% higher than July . These two months equal 18.1% of the past twelve months. Sales for the current quarter are 25.7% higher than the same quarter last year.
The number of single family homes on the market as of 9/1/2013 remain the same, at 82.
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Although the number of sales over $600,000 increased substantially, the median sales price fell by 8.9%
The ratio of sales price to listing price reduced by 3.4%, homes were sold at 95.4% of the listing price.
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As has been written before, the National headlines regarding the real estate market mean something to those interested in National trends. We are interested in what is happening locally, and the above numbers show a seller’s market. It may be expected that the average price will show signs of appreciation. Interest rates have increased and that means for those on a budget you will be able to buy less and less of a home. Contact me and I will show you the startling affect of increased mortgage rates.
The statistics shown above are based on information provided to and compiled by rge Connecticut Multiple Listing Services, Inc. covering the period August 1, 2011 to September 11, 2013.
David Sinish is a Realtor® with Realty Worls, LLC who has lived in Canton since 1971.
