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Stonington Real Estate Market Trend

Dated: October 12 2023

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Market Trends in 90-Day, 180-Day, and 270-Day Time Frames

90-Day Trend (Jul-Sep):

The market has been quite active, with the most significant activity happening in September. The total average sales price spiked to $1,041,912, mainly due to the high average price of 4+BR homes at $1,548,477.

180-Day Trend (Apr-Sep):

Between April and September, we saw a consistent rise in activity, especially in 4+BR homes. While 2BR and 3BR homes saw some fluctuation in average prices, the 4+BR segment had notable increases, impacting the total average price positively.

270-Day Trend (Jan-Sep):

Taking a look from the start of the year, the market has been on a roller coaster. The number of homes sold per month steadily increased, reaching a peak in September. Average prices for 2BR and 4+BR saw the most fluctuation, while 3BR homes remained more consistent but still showed a general upward trend.

Month2BR Sold3BR Sold4BR SoldTotal Sold2BR Avg Price3BR Avg Price4BR Avg PriceTotal Avg Price
Jan-231315$70,000$678,333$545,000$530,000
Feb-231157$41,000$280,000$788,300$608,929
Mar-2315511$23,000$402,200$676,660$492,482
Apr-2327110$515,000$365,185$850,000$443,630
May-2315410$770,000$592,000$1,021,900$781,760
Jun-2338314$1,071,000$684,500$765,666$784,714
Jul-2348618$321,475$564,063$683,300$549,900
Aug-2327615$167,500$749,257$660,067$636,013
Sep-23271120$322,500$451,429$1,548,477$1,041,912
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Bridget Morrissey

Stonington RealtorBridget Morrissey is a renowned real estate agent who focuses on areas in Stonington, Mystic, Pawcatuck, And Stonington Borough. Some of the areas covered are Lords Point, High Ridge....

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