Real estate economics

Meriden Market Update March 2009

April 8, 2009

The Meriden housing market continues on a mediocre pace. Single family home sales were down 25% from February, but pending sales were up. Total listings were down, while average days on market increased as older inventory was sold, but average selling price decreased slightly. Condo sales, on the other hand, have been increasing over the [...]

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Meriden Market Update February 2009

March 8, 2009

The Meriden housing market seems to stuck in a funk over the past 3 months. For single family homes, total inventory has gone down by 21% while sales have remained relatively flat. We’re hearing that much of the inventory that has come off the market are either overpriced or need work to make them appealing [...]

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Wallingford Market Update February 2009

March 8, 2009

The Wallingford housing market continued to make some headway in February. There were even fewer listings to sell than last month, sales remained at an even pace over the last 3 months, but the homes that sold were on the market for almost twice as long as January. Expired listings were also down by 33%. [...]

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Wallingford Market Update December 2008

January 10, 2009

The Wallingford housing market continued its downward slide in December. While there were fewer total listings, sales were down over 25% from November and they took 16% longer to sell, and expired listings were at their highest level in months. The average sales price increased again, but this was again due to sales of new [...]

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Wallingford Market Update November 2008

December 9, 2008

The Wallingford housing market took a downward turn in November, with the fewest number of homes selling in the past 6 months. They also took an average 32% longer to sell at 75 days, the longest since June. It seems that most buyers were leery of the economic situation and were waiting to see what [...]

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