Orange, Connecticut homeowners have enjoyed a few years of rising prices and a seller market, but is the trend turning?
Orange, CT Market Update, November 2019
Orange Home Sales Prices:
Home sales prices in Orange have been rising for a few consecutive years now. October closed with home sales prices at $367,750, a huge jump over October 2018. However, the year to date average of $363,510 is less than a 1% increase over the same period last year. This is much less than the growth we have seen in previous years.
Orange Number of Home Sales:
The number of home sales in Orange is actually down to five year low in 2018 at just 133 homes sold this year.
Orange Home Marketing Time:
Homes are selling slower in Orange. In fact, the median number of days for home to sell slowed from 47 days in 2018, to 77 in 2019...a whopping 40% increase!
Looking back even further at Orange, CT market trends:
The news isn't getting better here! Despite a few recent years of growth in the Orange CT real estate market, sales prices are still 13% BELOW the peak prices of 2006.
Last Updated on November 12, 2019 by Minna Reid