🏡 Your Monthly Dose of Litchfield County🏡
🌟Real Estate Trends July 2023🌟
Hey there, Litchfield County residents and fellow real estate enthusiasts! 🏡🌄 It’s that time of the month again when we dive into the exciting world of local real estate trends. Get ready to catch up on all the latest stats and numbers for July 2023. Whether you’re a potential buyer, seller, or just curious about the housing market, we’ve got you covered! – Steve Schappert
Single-Family Homes:
🔥 Hot off the Press: New Listings Are Hard To Find! In a surprising twist, July 2023 saw a 29.4% drop in new listings compared to last year. But hey, quality over quantity, right? The total number of new listings is now 1,324, keeping the market fresh and exciting!
🏠 Home Sweet Pending Sales? Pending sales are down 21.5% this year, but fear not – there were 1,027 homes with a “SOLD” sign in the yard, despite the 24.4% drop in pending sales. Persistence is key, folks!
🔒 Closing the Deal with Closed Sales dipped by 31.3% this year, yet a remarkable 961 properties changed hands. Who said the real estate game was easy? Keep the champagne on ice!
⏰ Less Waiting, More Moving In Good news for eager buyers! The days on the market until sale dropped 7.3%, giving you a speedier path to homeownership. Time flies when you’re having fun house hunting!
💰 Cha-Ching! Median Sales Price on the Rise The median sales price surged by 16.7%, with the current value at $420,000. Who’s up for a celebratory backyard BBQ in your new, beautifully priced abode?
Townhouse/Condo Adventures:
🎈 Ballooning into the Market Townhouses and condos saw a 32.1% decrease in new listings. While there’s less to choose from, the 208 new listings this year still offer plenty of options for all you urban adventurers!
📅 Pending Sales – Keeping the Pulse With a 29.7% decrease in pending sales, you might think things are slowing down. But, surprise! There were still 180 sales waiting in the wings. Patience is key, dear buyers!
🎉 Rolling Out the Welcome Mat for Closed Sales A drop of 20.6% in closed sales didn’t stop the party! 172 closed sales made the month shine bright for the condo market. Proof that determination pays off!
🚀 Blink-and-You-Miss-It Sales Days on the market until sales decreased by a whopping 59.4%. Don’t blink – you might miss your chance to snag that dream condo! ⚡
💸 More Bang for Your Buck: Median Sales Price ticked up 1.4% to $187,000, making these condos an even more attractive option. It’s like getting a bonus in your coffee cup every morning!
Crunching the Numbers:
📊 Average Sales Price Magic Trick While the average sales price seemed to pull a vanishing act with a 7.3% decrease, it reappeared with a 3.1% increase year to date. A bit of mystery keeps things interesting, right?
📈 The Price vs. List Price Showdown Sellers are still getting a great deal, with 102.7% of the list price received. The market may change, but Litchfield County’s commitment to value remains steadfast!
📦 Fewer Homes, More Adventure! Inventory of homes for sale is down 30.6%, but that just means the gems on the market are even more precious. Embrace the hunt for your dream home!
🕒 Time to Jump: Months Supply of Inventory The supply of inventory grew slightly by 4.5%, giving you a bit more breathing room. Timing is everything, and the timing is still pretty darn good!
And there you have it, folks – a lively look at the real estate scene in Litchfield County for July 2023. Whether you’re swooping in for a great deal, putting up that “SOLD” sign, or just marveling at the market’s twists and turns, remember that the journey is half the fun. Until next month, happy home hunting and selling! 🏠🔑📈
We’ll be back in a few weeks with the August Report. until then be well! -Steve
Download the Graph
