Summer 2017 New Haven Market Update

Today I wanted to give you an update on how the market is doing, and what that means for you as a seller.

Today I wanted to talk about how the market is doing, especially here in New Haven and around Wallingford.

The median list price in the Wallingford is around $299,900. The demand is actually increasing and the days on the market for properties are trending downward, so we’re actually seeing a lot more multiple offer situations on a lot of these properties, which is great for sellers. The market action index for Wallingford is around 36.2, which is incredible because about six months ago, it was under 30.

We’re seeing a lot more multiple-offer situations, which is great for sellers.

The market action index tells us how the market is doing by measuring what’s for sale versus what’s actually selling. Any market action index below a 30 implies a buyer’s advantage. Any index of a 30 or above implies a seller’s advantage. 

So today’s value of 36.2 means a seller’s advantage, and it’s actually trending upward. What that means is if you’re thinking about selling your home, now is the time to put it on the market. There is high demand in Wallingford, New Haven, and Fairfield counties. In most of Connecticut, there is a high demand for homes. Yes, there is a lot of inventory, but there aren’t a lot of good homes for sale. Good homes tend to sell a lot quicker.

If you’re thinking about selling your home, give us a call and let us come down to take a look at your home. We’ll give you an honest, real estimate of what your home is worth. We’d also love to show you some of the innovative marketing that we’re doing to help get homes sold, like professional photography and videography.

If you have any questions about this topic or you’re looking to buy or sell a home, give me a call. I look forward to working with you!

The Latest Trends in Our Local Real Estate Market

How is the market doing in Wallingford and New Haven County? This January has been the busiest start to a new year that we’ve seen in awhile, and it looks like the spring market will be extremely busy, too. 

Here is your market update for Wallingford and New Haven County:

The median list price is at $299,900. That is the median list price, not the median sales price. Inventory has been tightening and days on market are decreasing, which is great news for sellers.

Personally, I’ve noticed that January of 2017 has been the busiest start to a new year that we’ve seen in three years. If that’s any indication of how the spring market is going to be, things are looking good.

It looks like the spring market will be an extremely busy one!

If you are looking to upgrade from your first home, now is one of the best times to do so. You will get the most house for your money because of these low interest rates. Rates are expected to rise as the year goes on, so the sooner you can buy, the better. Remember, as interest rates go up, your buying power goes down. 

One of the other things I want to point out is the market action index. The market action index tells us how the market is doing by measuring what’s for sale versus what’s actually selling. Anything 30 or below means that the buyer has an advantage in the market, while anything over 30 means that sellers have the advantage. Right now, the market action index is at 29.1, so the market is fairly balanced. However, that number is heading upwards, which is good news for sellers.

If you have any other questions about the marketplace or about selling your home, give us a call or send us an email. My team and I would be happy to help you!

Spring Has Sprung in Wallingford and New Haven Counties

Looking to improve your real estate career? I'm here to help you make a smart decision when it comes to growing your business, improving your bottom line, and choosing a place to work in real estate sales. If you'd like to learn more about working with Carbutti & Co. Realtors, contact me at (203) 269-4910 or Jonathan@Carbutti.com.

The spring market is finally here. We are almost into our third week in March, but it feels like this active market started months ago. Houses are moving quickly, and buyers are out in full force. Across the board, the median list price in Wallingford and New Haven County is around $299,0000. Homes that are priced between $250,000 and $299,000 are moving the quickest. 

  

"Now is the time to be setting up your marketing strategy."

If you are thinking about selling a house right now in the spring market and you haven’t spoken to a real estate professional yet, now is the time to be setting up your marketing strategy. If you have a home and are looking to sell, now is the time for us to come out to your property, take a look around, and give you an honest and realistic estimate of what your home would sell for. Now is the time to come up with a great marketing strategy so that we’re not leaving any money on the table.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you!

Don't Let Current Market Trends Discourage You

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we're going to take a look at what to expect in the New Haven County real estate market in the coming months. July and August are typically two of our slower months, so we're likely to see some unfavorable trends. For instance:

• Both the inventory of available homes and average days on the market are trending up. We expect this to continue over the next few months.
• Homes priced under $300,000 are going the quickest, while those around $350,000 and above tend to be staying on the market longer and with a lot more competition.
• In Wallingford, 42% of the listed properties have had price reductions from the time they were listed until now, which is indicative of our area in general. Some homes have even seen multiple price reductions.

This is nothing to get nervous about. These swings in market conditions are annual, this being the time where things cool off a bit. What this means for you is that pricing your home is more important than ever. If you are looking to put your house on the market in the coming months, now is the time to be talking to a real estate broker so we can work out an aggressive pricing strategy. 

 For an honest, realistic estimate of what your home is worth in the current market, give us a call or shoot us an email. We would love to give you a hand.