Cracking the Real Estate Code: Glastonbury's Market Insights and MLS Data
Breaking down the real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market.
Glastonbury's single-family home update:
There are 26 available homes on the market in Glastonbury. Amount of homes listed between:
100-200 = None
200-300 = None
300-400 = 4
400-500 = 4
500-600 = 2
600-700 = 4
700-800 = 2
800-900 = 2
900-1million + = 7
I have a lot of would-be home sellers asking me about timing the market. Should they wait for the spring? Are there more buyers in the spring? Generally speaking they are asking about the seasonality aspect of our historical marketing cadence.
Glastonbury seems to be trying to return to that old way of thinking and I wonder...why? Buyers are still out in droves. Interest rates have ticked up and we are seeing less buyers. Not because of seasonality, but because of the interest rates. Buyers need homes. Shelter is a fundamental need and temporarily higher interest rates won’t stop buyers. Buyers have options to get them over the higher rates: ARM products, buy-downs and knowing historically the rates should drop sometime in the not too far off future - they can re-fi.
I had a house come on the market in the lower $400k price point. The private showings booked over the course of 2.5 days was impressive and the traffic through the open house was BUSY! The house received multiple offers and is now set to close in early November.
No matter your reason for needing to sell, speaking to a local agent that knows the market is a MUST.
Glastonbury's condo market update:
Currently, there are 3 condos on the market in Glastonbury.
I have created a helpful seller’s guide. Visit for a free no obligation copy: https://bit.ly/SellerGuideRequest
Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text.