With the help of the first-time homebuyer tax credit, business was brisk during October and November.
In Manchester, there were 49 closed sales in October 2009 compared to 37 in October 2008. The median price in October 2009 was $195,000 compared to $182,000 for October 2008.
In November 2009, there were 43 closed sales, compared to 38 in November 2008. The median price in November 2009 was $185,000 compared to $181,500 for November 2008.
Here's the breakdown of sales for October 2009 and October 2008 and November 2009 and November 2008.
|
|
October 2009 |
October 2008 |
November 2009 |
November 2008 |
|
|
|
|
|
|
|
Under $100,000 |
2 |
0 |
1 |
2 |
|
$100,000-149,999 |
7 |
7 |
7 |
4 |
|
$150,000-199,999 |
19 |
17 |
21 |
21 |
|
$200,000-249,999 |
9 |
6 |
7 |
2 |
|
$250,000-299,999 |
6 |
2 |
3 |
5 |
|
$300,000-349,000 |
2 |
1 |
1 |
2 |
|
$350,000-399,999 |
3 |
0 |
1 |
1 |
|
Over $400,000 |
1 |
4 |
2 |
1 |
|
|
|
|
|
|
|
Total |
49 |
37 |
43 |
38 |
|
|
|
|
|
|
With the extension of the first-time homebuyer credit and the addition of the $6,500 credit for any homeowners who have been in their homes for at least five years, we are hoping that we will continue to see recovery in the housing market.
With low interest rates, moderate home prices, and good inventory, why wouldn't people look for their dream home now?
I will be reporting on other towns shortly.
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Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential CT Realty
peggychirico@gmail.com
860-748-8900
If you are buying or selling a home in Hartford County or Tolland County, please call me, email me, or visit my website. I would be happy to help you with your home search or provide a market analysis for your home.
Find your dream home now!
