Health & Fitness
South Windsor Real Estate Update: Sales Up Dramatically in 2012
Take a look a South Windsor real estate activity last year. 2012 saw a huge increase in sales activity. Will the trend continue in 2013?
SINGLE-FAMILY HOME SALES IN SOUTH WINDSOR INCREASED MORE THAN 25% IN 2012 COMPARED TO 2011
The local South Windsor housing market enjoyed robust activity in 2012. Closed single-family home sales for 2012 number 215 in South Windsor. Meanwhile, only 195 homes closed during 2011. 2012 saw a 10.3% increase over 2011 closed sales.
An even more encouraging figure is that 237 single-family homes went under contract in 2012 in town compared to only 187 homes in 2011. That is a substantial 26.7% increase. In many respects, this increase is a more accurate barometer of real estate market trends than closed sales data. Homes going to contract represent the most recent real estate activity.
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While median sales prices were more mixed in 2012, sales price are a function of current inventories and often do not accurately reflect some market trends.
From a seller’s perspective, 2012 should be viewed as a positive sign that buyers are starting to re-enter the real estate market after sitting on the sidelines in large numbers for years. From a buyer’s perspective, it is an indication the real estate market is starting to stabilize while fantastic mortgage rates provide added incentive to enter the marketplace.
Find out what's happening in South Windsorwith free, real-time updates from Patch.
If trends continue, 2013 should be a great time to buy or sell.
For more information and other South Windsor Real Estate Updates, call Bob and James Knurek at 860-214-6453: South Windsor’s top ranked agents (The Knurek Team - Coldwell Banker Residential Brokerage).
Sources: CT Multiple Listing Service, Coldwell Banker Market Action Report
