Connecticut Market Analysis for the last 19 years.
A Connecticut Market Analysis created by 
InfoSparks. Infosparks is a housing market research tool designed specifically for ease of use, fast analysis and simple sharing. We are going to be comparing values over nearly 2 decades. In that analysis we will be using median prices. Keep in mind that “median pricing” doesnt mean that your particular home is worth more or less compared to the %.
“In statistics and probability theory, the median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution. For a data set, it may be thought of as “the middle” value. The basic feature of the median in describing data compared to the mean (often simply described as the “average”) is that it is not skewed by a small proportion of extremely large or small values, and therefore provides a better representation of a “typical” value. Median income, for example, may be a better way to suggest what a “typical” income is, because income distribution can be very skewed. The median is of central importance in robust statistics, as it is the most resistant statistic, having a breakdown point of 50%: so long as no more than half the data are contaminated, the median is not an arbitrarily large or small result.” – Wiki
True Comparisons Real Estate Values, Real Life Stories
In 2006 my fathers home in Brookfield CT was appraised for $650,000. Two years later he sold it for $375,000, a quick CMA shows that the home is worth approximately $545,000. In short we haven’t quite reached the value we were at in 2006. Most of the country has recovered, surpassed and fallen again. Connecticut is unique and not likely to fall any time soon. I anticipate moderate rises in interest and prices. Many first time buyers may be locked out of the market by waiting for the next down turn. Incomes are not likely to keep pace with the increased carrying costs of buying a more expensive home with a higher interest rate.
Steve Schappert is the broker at Connecticut Real Estate. Steve has been, repairing, renovating, building and selling homes for 44 years. At 14 Steve framed, sheet rocked, wired and installed the carpet in his parents basement increasing the square footage of the home by 320 sf. Steve knows houses. Call or text Steve Schappert today to buy, sell or invest in Connecticut Real Estate. 203-994-3950
Let’s explore your housing market together, I have broken down the market analysis into 12 charts.
- Median Sales Prices
- New Listings
- Homes For Sale
- Pending Sales
- Closed Sales
- Days On Market
- Months Supply
- Median % of list price
- Median Price Per Square Foot
- Dollar Volume
- Shows To Contract
- Shows Per Listing.
Median Sales Prices Rolling Monthly Over 19 Years
New Listings Rolling Monthly Over 19 Years
Homes For Sale Rolling Monthly Over 19 Years
Pending Sales Rolling Monthly Over 19 Years
Closed Sales Rolling Monthly Over 19 Years
Days On Market Rolling Monthly Over 19 Years
Months Supply Rolling Monthly Over 19 Years
Median % of List Price Rolling Monthly Over 19 Years
Median Price Per Square Foot Rolling Monthly Over 19 Years
Dollar Volume Rolling Monthly Over 19 Years
Shows To Contract Rolling Monthly Over 19 Years
Shows Per Listing Rolling Monthly Over 19 Years. Connecticut Market Analysis
Got questions? The national media have been calling Steve Schappert for over 20 years. Call or text Steve Schappert to discuss the analysis and how it relates to your real estate moves. 203-994-3950 24/7