Market Overview: Your Town, CT

Single Family Properties

June Headlines
Your Town
  • Median price is up 11.9% to $682,500.
  • Days on market in June was 84. This is down 13.4% from 97 in June of 2016.
  • Months of supply is up by 9.2%.
Nearby Areas You May Be Interested In
  • Days on market in Capeside is down 25.0% to 75.
  • New listings in Bayport in June were 62. This is down 30.3% from 89 in June of 2016.
  • Inventory in Arlen is down by 16.4%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending June, 2017% Chg From Jun, 2016
Months of Supply 10.0 4.1%
New Listings 508 10.0%
Changes Favoring Sellers
3 Months Ending June, 2017% Chg From Jun, 2016
Unit Sales 244 2.5%
Median Sale Price $626,250 6.4%
Inventory 603 -3.1%
Market Time (Days) 92 -14.8%
Price per Sq Ft for Sold $300 3.5%
Sales to List Price Ratio 96.6% 0.4%
Went To Contract 267 6.8%
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There were 118 unit sales in June. This is up 14.6% from 103 in June of 2016. On a year-over-year basis, unit sales have been rising for 4 months. This is the highest unit sales have been since 122 in July, 2013. Sales/list price ratio in June moved up to 96.9% from 95.8% in May.

Median price in June was $682,500. This is up 11.9% from $610,000 in June of 2016. 3-month median price of $626,250 in June was very slightly up from $620,000 in May and up slightly from $588,500 in June of 2016. Price per square foot in June was $296. This is up from $294 in May and up from $278 in June of 2016.

Inventory of 622 in June was down 0.2% from 623 in May but up 1.6% from 612 in June of 2016. New listings of 133 in June were down substantially from 206 in May and down a little from 142 in June of 2016. Months of supply of 10.3 in June was down marginally from 10.5 in May but up modestly from 9.4 in June of 2016.

Market Time
Days on market of 84 in June was down a little from 94 in May and down slightly from 97 in June of 2016. This is the lowest days on market has been since February, 2015.

Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Sunnydale County Ranked by Best Performance
Towns% Change
Capeside 6.37%
Oakdale 6.31%
Pine Valley 5.88%
Bayport 4.71%
Stafford 4.66%
Arlen 4.27%
Danville 2.04%
Frostbite Falls 1.37%
Woodcrest 0.94%
Eastwick 0.17%
Towns with an average of at least 5 sales per month (maximum of 10)

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