Fri Apr 23 2021
This week the median list price for Farmington, CT is $749,900 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has held steady at or around 23.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$749,900|
|Per Square Foot||$181|
|Days on Market||14|
|Strong Seller's Market|
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,489,000||7,100||5 - 10 acres||5||5||29||1||0||161|
|$824,000||4,730||1 - 2.5 acres||4||4||16||2||1||10|
|$617,000||3,430||0.5 - 1 acre||4||3||36||2||2||31|
|$374,500||1,870||0.5 - 1 acre||3||2||72||3||2||3|