tech<p><img alt="" class="featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/6225/blog/chart.png" style="margin: 10px; float: right; width: 400px; height: 278px;">Our MLS put out a new tool for market statistics.&nbsp; This tool has the ability to show median prices, days on the market, list to sales price and other metrics.&nbsp; In the interest of keeping it simple I thought I would compare some towns that are often connected or share borders and/or services.&nbsp;</p> <h1>For demonstration purposes I searched all&nbsp;property types, (single family, condos,&nbsp;mobile and manufactured homes) for <a href="https://www.homesellingteam.com/mansfield/">Mansfield</a> <a href="https://www.homesellingteam.com/ashford/">Ashford</a> &amp; <a href="https://www.homesellingteam.com/willington/">Willington</a>&nbsp;median prices for the last 13 years, this is the maximum number of years of reliable data available.&nbsp;</h1> <p>As predicted, the statistics show no upward trend for median prices since 2009 and dramatically declining inventory in Mansfield following the last high of 132 in April 2016 to 70 today.&nbsp;</p> <ul> <li> <h2><a href="https://smartmls.stats.showingtime.com/infoserv/s-v1/EXcr-LeI" target="_blank">&nbsp;Median Prices for Mansfield, Willington &amp; Ashford CT&nbsp;</a></h2> </li> <li> <h2><a href="https://smartmls.stats.showingtime.com/infoserv/s-v1/EstF-Up0" target="_blank">Inventory for sale in Mansfield, Willington &amp; Ashford CT&nbsp;</a></h2> </li> </ul> <h2>For those of you who like to use the per square foot measure of value there is a graph for that <a href="https://smartmls.stats.showingtime.com/infoserv/s-v1/EstM-TQS" target="_blank">here&nbsp;</a>&nbsp;which shows a precipitous drop in Mansfield from a high of $153 in April 2007&nbsp; to $117 per square foot today.&nbsp; &nbsp;</h2> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/6225/blog/openhouse%20sign.jpg" style="margin: 10px; float: left; width: 250px; height: 250px;">We have not seen an increase in prices or <a href="https://www.homesellingteam.com/real-estate/search/">inventory in Eastern Connecticut</a> in many years.&nbsp; The largest jump in national housing is upper end housing, which we are largely excluded from.&nbsp; In April of this year the number of homes <a href="https://www.homesellingteam.com/listings/?List_Price%5Bmin%5D=750000&amp;s=-List+Price"> listed at or above $750,000</a> &mdash;more than the national median of <a href="https://www.homesellingteam.com/listings/?List_Price%5Bmin%5D=250000&amp;List_Price%5Bmax%5D=275000&amp;s=-List+Price"> $259,400</a>&mdash; rose by 11% and homes <a href="https://www.homesellingteam.com/listings/?List_Price%5Bmin%5D=0&amp;List_Price%5Bmax%5D=100000&amp;s=-List+Price"> priced at or under $200,000</a> dropped by 8%.&nbsp; According to the National Association of Realtors, as of March 2019, nearly a year&rsquo;s worth of supply of luxury homes were for sale compared to barely a three month supply of homes under $100,000.&nbsp;</p> <p>No one wants to return to the heyday of sub-prime lending which resulted in rampant corporate and personal greed and foreclosures&nbsp;but it would be nice to see prices rebound and fulfill the promise that homeownership is the cornerstone to a family&rsquo;s financial security and net worth.&nbsp; &nbsp;&nbsp;</p> <p>&nbsp;</p> <p><a href="https://www.homesellingteam.com/seller/free-home-evaluation/">Find Out What Your Home in Mansfield Is Worth</a></p> <p><a href="https://www.homesellingteam.com/seller/free-home-evaluation/">Find Out What Your Home is Ashford is Worth</a></p> <p><a href="https://www.homesellingteam.com/seller/free-home-evaluation/">Find Out What Your Home in Willington is Worth</a></p> <p><a href="https://www.homesellingteam.com/our-agents/">Find An HST Agent&nbsp;</a></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p>
Connect