Newington Real Estate Market Extends Downward Trend in Contracts

Sales fell in the Newington market to 20 homes sold over the last 30 days. It's also under an extended downward trend in the number of contracts closing, with this week's number falling to 17. Prices are falling in Newington, and this period the median price of all sales fell from $398,000 to $383,950. With only three months of inventory to sell, Newington is a still seller's market, even after taking into consideration the falling contracts numbers.

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Demographic facts for Newington:

  • The population has increased 4.0% in the last 10 years.
  • The safety rating here is 86. (Scale: 1 = Worst, 100 = Best)
  • The average work commute is 38 minutes.

Data reported through 10/12/2016

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