In March there were 6 homes sold, 2 home sales pending, and
8 listings still for sale in Plainville.

In March the average listing price for all closed properties was $267,833. A total of
6 Contracts closed in the last month with an average sold price of $261,250. Sellers are realizing a List to close price of 98% which means they are getting 98% of their asking price. The Lowest Sales Price was $198,000 and the Highest Sales Price was $383,000.

The Average Days on Market for properties sold in March is 81. This is a useful measurement because it can help us to determine whether we are in a buyer’s market (indicated by high DOM) or a seller’s market (indicated by low DOM).

Alternatively, 8 listings have failed to sell in that same period of time. The average List Price for these active listings was $446,450 and they have been on the market for an average of 106 Days.

Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition or perhaps the owner had second thoughts about selling at this particular time. If your property is one of these, I would be happy to discuss strategies with you.