Hoye Home Team's Market Report
Avon, CT
Single-Family Homes
Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875
Avon, CT
Fri Jun 02 2023
This week the median list price for Avon, CT is $615,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has increased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $615,000 | |
| Median Price of New Listings | $615,000 | |
| Per Square Foot | $225 | |
| Average Days on Market | 119 | |
| Median Days on Market | 14 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $3,900,000 | 9,541 | 5 - 10 acres | 4 | 7.5 | 25 | 0 | 0 | 63 |
| $799,900 | 4,519 | 1 - 2.5 acres | 4 | 4 | 36 | 2 | 2 | 0 |
| $590,000 | 2,932 | 1 - 2.5 acres | 4 | 3 | 56 | 1 | 1 | 7 |
| $364,500 | 1,952 | 0.5 - 1 acre | 4 | 1.8 | 95 | 2 | 1 | 7 |