Here’s whats happening in the Wallingford CT housing market as of March 31, 2013:There are currently 161 single family homes for sale in Wallingford:
There are 74 homes currently under contract, priced between $95,000 and $699,000. Based on the number of homes sold in March (20), it would take approximately 8 months to sell the current inventory. As for condominiums, there are currently 64 condos for sale:
There are currently 32 condos under contract, priced between $45,000 and $430,000. Based on the number of condos sold in March (7), it would take 9 months to sell the current inventory. Wallingford home sales rose in March to 27 units, up from 24 in February.This was a 45% increase over March of 2012, but it was a 19% decrease from March of 2011. The average selling price for condos showed another healthy gain in March, rising to just over $238,000, while the average sale price for single family homes fell slightly to just over $334,000. Thirty year conventional mortgage rates fell back to 3.375%, while CHFA rates for first time home buyers remained unchanged at 2.75 percent. Inventory levels rose 15.0% in March which, coupled with the increased sales, were enough to keep Wallingford firmly in the balanced market it entered in January, with just about 7.7 months of inventory now available. We’re hopeful that inventory and sales prices continue to rise as the year progresses, but we would not be surprised if interest rates begin to inch upwards again, so buyers should continue to do their homework and be ready to act quickly if you find the right home for you, while sellers should keep their homes in tip-top showing condition and priced well to attract well-qualified buyers. Here is a chart showing annual home and condo sales in Wallingford in2013: |
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Below are highlight properties for Wallingford CT Market Snapshot for March 2013. See more at the full report: | ||||||||||||||||
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See the Full Wallingford CT Market Snapshot for March 2013 | ||||||||||||||||
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Information valid as of April 24, 2013. Please contact us for the most current information and status of these properties. |