Market Trends for Ellington through the 3rd Quarter of 2012

The 21 sales in September were the highest number reached since June of 2010 when we saw 29 properties sold in town.

As a result, inventory is much lower at the present time. If this trend contnues, it bodes well for those ineterested in listing their properties this fall - as long as it is priced correctly of course.

There currently continues to be a demand for housing in Ellington in the mid-to-upper price points ($300,000 to $600,000) as 30 year mortgage rates hover at or about the 3% area - the lowest in history.

This could spell a win-win for both sellers and buyers this fall.

Should you have any questions feel free to call or e-mail me at 860-644-2461 or rocco.sanzo@cbmoves.com