North Haven CT Market Snapshot for December 2012
Here’s the way the housing market is shaping up in North Haven as of December 31, 2012:
- Low list price: $144,900
- High list price: $1,499,000
- Average list price: $386,564
- Median list price: $309,900
- Average Days on Market: 61
- Homes sold on average for 98.6% of list price
There are 43 homes currently under contract, priced between $90,000 and $599,000. Based on the number of homes sold in December (12), it would take approximately 6 months to sell the current inventory.
- Low list price: $59,900
- High list price: $299,900
- Average list price: $155,000
- Median list price: $124,500
- Average Days on Market: 86
- Condos sold on average for 97.1% of list price
There are currently no condos under contract. Based on the number of condos sold in December (2), it would take 4 months to sell the current inventory.
Here is a chart showing annual home and condo sales in North Haven for 2012:
Home sales in North Haven remained very stable compared as 2012 ended, down only 2 total units from November. Compared to prior years, the numbers were down 22% from December 2010, but unchanged from December 2011. Also, the trend over the past two years has been on the rise, an encouraging sign. Inventory levels were virtually unchanged from November, with only two units lost. The stable sales and inventory levels were enough to keep North Haven in a normal seller’s market; there is now exactly 6 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.We have seen a recent report from the National Association of Realtors, however, that indicates that sub-four percent loans may be gone by summer and could hit 4.5% by 2014. If this prediction turns out to be true, then now is surely the time for buyers to get serious in their home search in order to lock in the best rates.
This chart shows how homes in various price ranges are currently selling:
North Haven’s sweet spot in December was the $100,000 to $400,000 range, where 79% of the sales and 71% of the listings were located. Even so, almost the entire inventory remained in a seller’s market for the sixth consecutive month.
~North Haven Properties For Sale~
(zoom out to see more properties)