How are things in East Windsor? Okay - there are currently 73 houses for sale by East Windsor Realtors and 17 are under deposit. That means there is a 4.5 month absorption rate in general (meaning if no new homes come on the market, it will theoretically take 4.5 months to clear out the current homes for sale). That is a bit longer than average.
In August 2008 there were 7 new homes listed for sale with an average of $256,139 list price. In 2007 in August there were 15 properties listed for sale with an average $260,753 list price. Also, in August 2007 there were 16 houses sold for an average of $288,230 and in August 2008 there were 9 homes sold for an average of $295,011.
What does this mean? Well you need to look at more than one month to get a full idea of what what the market is doing. Nevertheless, the real estate market in East Windsor is stronger than most of Connecticut. Also, there were fewer homes listed in August 2008 than August 2007 so hopefully as the supply diminishes, the value will increase.
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