Cheshire CT home marketing time hits ten year low! - Reid Real Estate Group

Cheshire CT home marketing time hits ten year low!

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Cheshire homes are moving fast in 2017! After hovering between the 40-50 day mark for the past 5 years, homes that sell are currently selling in an median of just 28 days on market. This is a 10 year record low.  Prices have also started to climb just a tad and currently the median home selling price in Cheshire is $320,000, a slow rise from the bottom of the market in 2013:

Cheshire Single Family Residence Sales:

 With market inventory dropping over the last few years as buyer demand increased, we are finally seeing the inevitable rise of home prices. While we are still down quite a bit from the height of the market, it seems we have finally started consistently moving towards increased values once again.

THINKING OF SELLING? FIND OUT WHAT YOUR CHESHIRE HOME IS WORTH

Minna Reid

Minna Reid is Broker/Owner of Reid Real Estate Group. Reid Real Estate Group is a full service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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