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Dan Grammatica, e-PRO

Northwest CT Real Estate Market Update

By: Dan Grammatica, e-PRO
Friday, March 07, 2008 11:56 AM

Connecticut Single Family Residential Listings - ON THE MARKET as of 3/8/08

Torrington Homes For Sale -  184
New Hartford Homes For Sale - 38
Winsted/Winchester Homes For Sale - 98
Harwinton Homes For Sale - 31
Burlington Homes For Sale - 84
Canton - 76

CT Homes Under Contract and Deposits after 12/7/07 (last 3 months)

Torrington Single Family Houses - 55 or 18.33 per month
New Hartford Single Family Houses - 11 or 3.66 per month
Winsted/Winchester Single Family Houses - 22 or 7.33 per month
Harwinton Single Family Houses - 5  or 1.66 per month
Burlington Single Family Houses- 15 or 5 per month
Canton Single Family Houses - 18 or 6 per month

Supply and Demand For Single Family Homes in CT

According to the above data the absorbtion rate/supply is:

Torrington with an inventory of 184 homes and selling at a rate of 18.33 per month 
Torrington has a 10 month supply

New Hartford with an inventory of 38 homes and selling at a rate of 3.66 per month  
New Hartford has a 10.38 month supply

Winsted/Winchester with an inventory of 98 homes and selling at a rate of 7.33 per month
Winsted/Winchester has a 13.36 month supply

Harwinton with an inventory of 31 homes and selling at a rate of 1.66 per month
Harwinton has a 18.67 month supply

Burlington with an inventory of 84 and selling at a rate of 15 per month
Burlington has a 5.6 month supply

Canton with an inventory of 76 and selling at a rate of 18 per month
Canton has a 4.22 month supply

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