Meriden CT Market Snapshot for February 2014

Here’s whats happening in the Meriden CT housing market as of February 28, 2014:There are currently 221 single family homes for sale in Meriden:

Low list price: $19,900
High list price: $359,000
Average list price: $180,967
Median list price: $174,900
Average Days on Market:64
Homes sold on average for 93.1% of list price

There are 85 homes currently under contract, priced between $40,000 and $449,000. Based on the number of homes sold in February (18), it would take approximately 12 months to sell the current inventory.

As for condominiums, there are currently 79 condos for sale:

Low list price: $30,000
High list price: $299,900
Average list price: $115,262
Median list price: $109,900
Average Days on Market:62
Condos sold on average for 90.3% of list price

There are currently 24 condos under contract, priced between $20,000 and $180,000. Based on the number of condos sold in February (9), it would take 9 months to sell the current inventory.

Meriden home sales showed an 8% increase in February from the previous month, but it’s still better than February sales in both 2012and 2013. It’s still a far cry from the best performing month of the past 3 years, June of 2012, when 58 homes were sold. Thirty year conventional mortgage rates have bounced between 4.25% and 4.375% for the past 30 days and are now set at 4.375%, while CHFA rates for first time home buyers have been stable for several weeks at the current rate of 3.50 percent.

Inventory levels rose slightly by3.0% in February from the previous month and now stand at their lowest levels since February of 2013.The rise in sales and inventory means that Meriden remains in a normal buyers market with …

Click to see the full report

Below are highlight properties for Meriden CT Market Snapshot for February 2014. See more at the full report:
Highlights Maps & Local Schools
Status: Pending
36 BELMONT AVE, Meriden, CT
$274900
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: N341387
Listing Courtesy of: Pat Harriman

Status: Active
73 PARKER RD, Meriden, CT
$259900
4 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 HALF ]
LISTING MLS ID: N344406
Listing Courtesy of: Stacey MacPherson

Status: Active
478 BROWNSTONE RIDGE, Meriden, CT
$344900
3 BEDROOMS
4 BATHROOMS [ 2 FULL, 2 HALF ]
LISTING MLS ID: N346215
Listing Courtesy of: Pat Harriman

Status: Active
15 FAIRVIEW AVE, Meriden, CT
$179500
3 BEDROOMS
1 BATHROOMS [ 1 FULL ]
LISTING MLS ID: N346434
Listing Courtesy of: Kim Vogt

See the Full Meriden CT Market Snapshot for February 2014




Information valid as of March 31, 2014. Please contact us for the most current information and status of these properties.

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