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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 sale prices are still on the rise though, with the year to date median sale price currently at $230,000 - a 5 year high:
As prices continue to head up, Wallingford distress sales have eased and short sales and foreclosures continue to decline :
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:
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.