Glastonbury Market Watch

Glastonbury Market Watch 

Single-family existing homes (MLS stats pulled 11/14)
Currently, there are 45 available homes on the market in Glastonbury: 16 are new construction leaving just 29 pre-loved, "ready to move-in" homes available in Glastonbury.

A look back of the past 90 days of closed homes in Glastonbury:
92 houses closed. Would you be surprised to know the median price per square foot was $222 and sold 1% over asking? Watch this week while I break down the most popular price points and how high buyers were willing to go to secure those homes.
Single-family home prices are holding so long as the house is properly prepared and checks the boxes.

Glastonbury Market watch for Condos – have one you are thinking of selling? These stats show you do not want to waste anymore to get it on the market

Sales of condos
Currently, there are 4 available condos on the market in Glastonbury. In the last 90 days: 28 have closed at a median over-asking of 106% - sounds like not selling a condo is a missed opportunity.


1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house. Selling now, while other homeowners may hold off until after the holidays, can help your house stand out.

2. Get in Front of Serious Buyers This Season
Even though housing supply has increased this year as buyer demand has moderated, it’s still low overall. That means there aren’t enough homes on the market today, especially as the millennial generation reaches their peak homebuying years. As Mark Fleming, Chief Economist at First American, says: “While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

3. Seize a Great Chance To Move Up
Don’t forget, today’s homeowners have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $300,000. That’s an all-time high. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams.

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