Wethersfield Commons Property Pulse Market Update

December brought a notable surge in activity at Wethersfield.  While the closing of just one home significantly influenced the average days on the market and median sales price, the real intrigue lies in the four homes currently under contract.  The unfolding of these sales will undoubtedly add an interesting dimension to our market dynamics.

November brought a surge of activity, marked by the successful closings of three sales.  The average days on the market experienced a slight uptick, primarily influenced by the temporary return of a condo to the market before its eventual successful closing.  Despite the seasonal transition toward winter, the strength of demand persists in our market.

July marked the end of a sales drought spanning two consecutive months.  Both properties that had been pending in June successfully closed their transactions.  Two fresh listings entered the market with one remaining available while the other promptly secured a contract.  The median sales price experienced a reduction in comparison to prior months.  This shift

June’s arrival brings with it a familiar pattern: for the second consecutive month and the seventh time in the last five years, Wethersfield has seen no closed sales. The last time we experienced consecutive months without closed sales was back in July and August of 2010. But don’t worry, there’s some good news too. Two

In the month of May, Wethersfield Commons experienced an unusual absence of sales activity, despite its size of nearly 500 units.  This occurrence, which has only happened six times in the past five years, was last observed in December 2022.  The persistently limited inventory in recent months has presented considerable challenges for individuals seeking to

Last month, all four properties that were under contract successfully closed.  However, no new inventory has been introduced to the market since then, and this could potentially affect the number of closings in May.  On the bright side, the median sales price has remained steady, with a modest $500 increase compared to the previous month. 

We saw a pick up in actvitiy in March with the median sales price rising to $322,000.