North Haven CT Market Snapshot for November 2012

by Harriman Real Estate on December 29, 2012

North Haven CT Market Snapshot for November 2012

Here’s the way the housing market is shaping up in North Haven as of November 30, 2012:

No. Haven CT Single FamilyThere are currently 80 single family homes for sale in North Haven:

  • Low list price: $150,900
  • High list price: $1,499,000
  • Average list price: $368,059
  • Median list price: $289,000
  • Average Days on Market: 72
  • Homes sold on average for 96.4% of list price

There are 36 homes currently under contract, priced between $90,000 and $599,000. Based on the number of homes sold in November (12), it would take approximately 7 months to sell the current inventory.

No. Haven CT CondoAs for condominiums, there are currently 6 condos for sale:

  • Low list price: $59,900
  • High list price: $299,900
  • Average list price: $140,683
  • Median list price: $116,750
  • Average Days on Market: 163
  • Condos sold on average for 93.4% of list price

There is currently 1 condo under contract, priced at $285,000. Based on the number of condos sold in November (3), it would take 2 months to sell the current inventory.

Here is a chart showing annual home and condo sales in North Haven so far in 2012:

No. Haven CT Home Sales for November 2012

November home sales in North Haven saw a steep decline from the prior month, down 32% from October. Compared to prior years, the numbers were up 33% over November 2010, but down 20% from November 2011. Inventory levels have again declined, the sixth straight month of declines. The drop in sales outpaced the decline in inventory, but not enough to move North Haven out of a normal seller’s market; there is now 5.73 months of inventory available.

Conventional mortgage rates are still enjoying their lowest rates in years, and have been stable for several weeks at 3.25 percent. CHFA rates for first time home buyers remained unchanged at 2.75 percent.

This chart shows how homes in various price ranges are currently selling:

No. Haven CT Home Sales by Price Point for November 2012

North Haven’s sweet spot in October was the $200,000 to $400,000 range, where 73% of the sales occurred. Even so, almost the entire inventory is in a seller’s market despite homes priced higher than $400,000 not being in much demand. We’re hoping that inventory and sales will pick up again after the holidays.

~North Haven Properties For Sale~

(zoom out to see more properties)

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