New Strong Trend in Contracts for 06518 Zip Code Real Estate Market

Home sales rose to 11 homes sold over the last 30 days, providing a boost to the 06518 zip code market. That may continue, due to a three-week upward trend for contracts, with 27 in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. While contracts numbers rose, prices climbed as well. This week's reported median sales price of $200,000 continued a four-week upswing. Despite the rising contracts trend and the rising prices, with 12 months of inventory to work through, the 06518 zip code is still a definite buyer's market.

Get started right now by checking out 06518 homes for sale or reviewing 06518 real estate trends.

Demographic facts for the 06518 zip code:

  • The affordability rating is 48. (Scale: 1 = Worst, 100 = Best)
  • The area gets 49.1 inches of rain a year. (U.S. average: 36.5)
  • The area's income per capita is $33,680.
  • This area has a school rating of 70. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Carbutti Real Estate
Snapped 10 homes in this area
Connecticut Multiple Listing Service, Inc.
Snapped 1 home in this area

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