Does a Flat Market Spell Doom for Connecticut Homeowners?

 

Today, I want to briefly share the latest market statistics, so you can make informed decisions in the Connecticut marketplace. In particular, I want to share a few trends I’ve noticed from February 2015 to February 2016.

On a macroeconomic level, our market is up 2%, but on a more localized level, we’ve seen a 4% decline in median sale price. This essentially means the market is pretty flat. February is not a great month for home sales, so I’m not worried about the dip we’ve noticed on the local level. On the flipside, I’m not getting too excited about the 2% rise on the macroeconomic level, because that too is an indication that the market as a whole hasn’t seen much movement.

The numbers aren’t in quite yet, but March was a very good month for inventory movement. I’ll keep you updated as that data rolls in. A flat market isn’t necessarily a bad thing, but hopefully I’ll have some better news in the next market update.

If you have any questions about Connecticut real estate, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!

Our Top Tips for Winterizing Your Home

 


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Today I want to talk a little bit about the winter months ahead. We live in New England, so it’s inevitable that the weather is going to get cold, and it’s going to snow. If you’re going to be away from your home for an extended period of time, or if you’re headed down south for the winter, you must winterize your property. Here are a couple of things you should think about:

The first would be calling a professional plumber or well company to winterize your property if you can. If not, make sure your drains and lines are fully drained. This includes the outdoor hose bibs, which are susceptible to freezing, and these should be checked regardless of whether you are staying in your home this winter or not.

You also want to make sure you have someone clearing your driveway and walkways of snow when the time comes. It’s a clear indicator for potential burglars that you’re not home. Finally, you want to have someone check on your property. Have a neighbor stop by once a week or so and make sure everything is in good shape.

If you have any questions, don’t hesitate to give me a call. I look forward to hearing from you!