Glastonbury Real Estate Market Update: Low Housing Supply and Timing Your Home Sale

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.

You want to be on the market when your neighbor is not.

Housing supply is at a critical low. Homeowners looking to sell this year, should stop thinking about timing the market. Waiting for grass to turn green, or focusing on school ending or starting may cost you $$$$. Seriously look at selling now vs later.

Sales of single-family homes
There are 21 available homes on the market in Glastonbury. 12 are new construction with a projected deliverable date over 7months.

Per MLS in Glastonbury: 1 home is listed under 300k and 2 homes are listed in the 300-400k range. 1 home is listed in the 400-500k range and 1 home is listed in the 500-600k range. 1 home is listed in the 700-800. 7 homes are listed in the 800's and 4 are in the 900's.

Sales of condos
Currently, there is just 1 condo on the market in Glastonbury. As housing prices inch upwards, would-be homebuyers start to look at condos as an alternative. If you have a condo to sell; you should be considering now not later to sell.