Manchester CT provides convenient access to all the interstate highways.
It is the city wherein you can find one of the biggest malls in the state, The Buckland Malls.
It also boasts of diverse restaurants, a great array of retail stores, 23 Town Trails, 15 Parks and Fields, and Showcase Cinemas. You can find almost all the basics of convenient living here in Manchester Connecticut.
Manchester Connecticut July 2014 Real Estate Market Report:
Compared to June, July’s home inventory is up by 12 units. Currently, the City of Manchester CT has 267 properties available for sale.
The average listing price is $227,546 with consisting of average size of 1,873 square feet with 3 bedrooms and 2 full bathrooms.
117 properties are under contract as of this writing. The average listing price for the properties with pending sale is $174,884 with average square feet of 1,589 with 3 bedrooms and 1 1/2 bathrooms. Homes with Pending Sale
32 and 51 homes closed in May and June, respectively. Hence, the month of June performed better as the units sold is 19 more compared to the month of May.
The average listing price in June is $189,324 with average squared feet of 1,626 while in May, it is $190,169 with average square feet of 1,686.
The only noticeable significant change between the month of June and July is the increase in sales by 19 units.
A six-month sales history in Manchester CT shows that 33 properties are sold each month. Using this absorption rate, the current inventory of 267 homes is expected to be sold within 8 months.
Manchester Connecticut Real Estate Market is still considered a buyer’s market based on the data and statistics gathered as of this published date.
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