Meriden CT Market Snapshot for April 2013

Heres how the Meriden CT housing market looks as of April 30, 2013:There are currently 229 single family homes for sale in Meriden:Low list price: $39,900

High list price: $575,900

Average list price: $202,463

Median list price: $189,900

Average Days on Market: 79

Homes sold on average for 96.3% of list price

There are 108 homes currently under contract, priced between $39,000 and $449,000. Based on the number of homes sold in April (29), it would take approximately 8 months to sell the current inventory.

As for condominiums, there are currently 86 condos for sale:

Low list price: $29,900

High list price: $334,400

Average list price: $128,470

Median list price: $120,000

Average Days on Market: 82

Condos sold on average for 87.3% of list price

There are currently 26 condos under contract, priced between $40,000 and $320,000. Based on the number of condos sold in April (8), it would take 11 months to sell the current inventory.

Meriden home sales settled back a little in April, losing 3 units to 29 units sold, while condo sales rose by just one unit to 8 units sold. This month’s numbers were mixed when compared to the past two years: they were 14% below April of 2012, but 16% better than April of 2011. Meanwhile, inventory also continued to show nice gains, as single family homes gained 40 units while condos gained 127, a net gain of 52 units total. Continuing the upward trend, sales prices for single family homes rose by about 10%, while condos were also up, posting a 27% gain.

The increase in inventory and lower sales numbers means Meriden stayed in a balanced market, but not quite as good as March. with just over 8 months of inventory. Interest rates for 30 year conventional loans recently dropped to 3.375% for a brief time before climbing back to the 3.625% mark where it is now, while CHFA rates (for first time home buyers) again remained unchanged at 2.75 percent.

Here is a chart showing current home and condo sales in Meriden in2013:

 Click to see the full report

Below are highlight properties for Meriden CT Market Snapshot for April 2013. See more at the full report:
Highlights Maps & Local Schools
Status: Pending
23 CARPENTER AVE, Meriden, CT
$135000
3 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF ]
LISTING MLS ID: N323749
Listing Courtesy of: Pat Harriman

Status: Active
478 BROWNSTONE RIDGE, Meriden, CT
$359900
3 BEDROOMS
3 BATHROOMS [ 3 FULL, 0 HALF ]
LISTING MLS ID: N334378
Listing Courtesy of: Pat Harriman

Status: Active
45 ROYAL OAK CIR, Meriden, CT
$209900
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 HALF ]
LISTING MLS ID: N336833
Listing Courtesy of: Pat Harriman

Status: Pending
463 SWAIN AVE, Meriden, CT
$199900
3 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF ]
LISTING MLS ID: N334636
Listing Courtesy of: Pat Harriman

See the Full Meriden CT Market Snapshot for April 2013
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Pat Harriman
Harriman Real Estate LLC
203-672-4499
pharriman@harrimanre.com












Information valid as of May 29, 2013. Please contact us for the most current information and status of these properties.

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