Meridan, CT Real Estate Market Update
By Fred Corey, Realtor, ASR, e-PRO
Sales volume is down, median price appears to be leveling off, and inventory level has fluctuated. Current Market...Number of single family homes on market: 272Average Asking Price: $222,694Median Asking Price: $199,900*Source of information is the Co-op MLS of Connecticut as of February 4, 2009. January 2009 Summary -Sales: 20 homes, down 31% from a year ago.Median Sales Price: $183,750, down 3% from a year ago.Months Supply of Inventory: 9.5 months, down 37% from a year ago. December 2008 Summary -Sales: 25 homes, down 26% from a year ago.Median Sales Price: $155,000, down 19% from a year ago.Months Supply of Inventory: 17.7 months, up 62% from a year ago. With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do...