Wallingford, CT Real Estate Market: Prices continue to head up in 2019! - Reid Real Estate Group

Wallingford, CT Real Estate Market: Prices continue to head up in 2019!

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Wallingford, CT 2019: Despite a slowdown in 2019, Wallingford home sellers are enjoying seeing their home values increase for the 3rd year in a row in 2019! 

Homes are taking longer to sell. Marketing time has almost doubled this year -  25 days in 2018 vs 46 days in 2019:

Wallingford CT home makreting time rises in 2019

Wallingford, CT home sale prices are still on the rise though, with the year to date median sale price currently at $230,000 - a 5 year high:

chart of walingford home sale prices showing 2019 at a 5 year high

As prices continue to head up, Wallingford distress sales have eased and short sales and foreclosures continue to decline :

chart of wallingfors short sales and foreclosures

Looking back a little further, we can see that while Wallingford sales prices are headed up, we still have a long way to go to reach the sales prices of the peak of the market in 2007:

wallingford sales prices over time graph

What does it all mean for your Wallingford home sale?

This is the time to sell! There is no way to tell what will happen in the future, but the market is currently at its highest point in 10 years!

If you bought your home within the 5-7 years, you should be sitting pretty with some growing equity! The only downside is for those who bought prior to the last housing crash in the mid to late 2000's. Unfortunately, Wallingford has yet to fully recover from the bust, leaving many  homeowners still owing more than their homes are worth. 

short sale graphic

Minna Reid

Minna Reid is The 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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