The Year in Review - Median Home Prices in Manchester CT
2010 was a tough year for analyzing statistics about median home prices in Manchester, CT. Other towns were difficult as well. But with year-end, we can finally see if we can determine any trends for the housing market in Manchester.
One of the issues was the first-time homebuyer tax credit, which was an incentive for people to get into the housing market. The credit expired on 6/30/10 and we did see a frenzy of activity during May and June as the deadline loomed. First let's look at the number of single-family homes that closed by month:
Now let's take a look at median price:
If we look at the entire year, the median price for 2010 is $185,000 (355 closed sales), compared with a median price in 2009 of $188,375 (with 460 closed sales). So overall, the number of sales is down significantly, the median price remains relatively stable.
For further discussion of statistics in real estate, see Understanding Market Statistics.
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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.
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In my markert, Pearland TX, the median price is very flat. It has fallen just a bit over the last 2 years.
Hi Danny - Nice graph!