Hoye Home Team's Market Report

Avon, CT

Single-Family Homes

Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875



Avon, CT

Tue May 28 2024
This week the median list price for Avon, CT is $999,000 with the market action index hovering around 62. This is an increase over last month's market action index of 52. Inventory has decreased to 17. Click here to stay informed with the Avon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Avon, CT

Tue May 28 2024
This week the median list price for Avon, CT is $999,000 with the market action index hovering around 62. This is an increase over last month's market action index of 52. Inventory has decreased to 17. Click here to stay informed with the Avon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Avon market.
Median List Price $999,000
Median Price of New Listings $809,000
Per Square Foot $271
Average Days on Market 124
Median Days on Market 35
Price Decreased 18%
Price Increased 12%
Relisted 6%
Inventory 17
Median Rent
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,420,000 5,503 2.5 - 5 acres 5 5.5 23 1 1 49
$1,202,000 3,602 1 - 2.5 acres 4 3.5 0 0 0 357
$864,100 3,563 1 - 2.5 acres 4 2.5 18 1 0 24
$600,000 2,167 1 - 2.5 acres 4 3.5 45 2 3 21