Homes for Sale in Rocky Hill
Real Estate Market Action Report for January, 2010
The data for the month of January 2010 as it relates to homes for sale in Rocky Hill is:
- Property Sales
- Market Time
- Selling Price vs. Original Listing Price
The number of homes that sold in Rocky Hill CT in January 2010 was 9. This was a decrease of 55% compared to 20 homes that sold the prior month. However, this was an increase of 12.5% from 8 in January 2009.
The number of homes available for sale in Rocky Hill has remained pretty consistent over the last several years. The total inventory of properties available as of January 2010 was 92 which is an increase of 5.7% from 87 in December, although down 3.2% from 95 homes for sale in Rocky Hill in January of 2009.
The term average Days on Market (DOM) shows how many days the average property is on the market before it sells. The DOM for Rocky Hill was 79 for January 2010. This is a 33.1% decrease from 118 days the prior month. This downward trend of DOM for homes for sale in Rocky Hill could indicate a seller's market. However, you would want to see a downward trend for several months before reaching that conclusion.
Selling Price vs. Original Listing Price
The selling price versus the original listing price reveals the average amount that sellers are willing to come down from their original listing price. In January, the current ratio for homes for sale in Rocky Hill is 92.6%.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for your new home for sale in Rocky Hill. Each month, I will give you the all the information you need to understand this. As always, if you need further answers or clarification please do not hesitate to give me a call at (860) 798-3272 or send an email to firstname.lastname@example.org, so I can further assist you in this important decision.