Posts from March 5th, 2019
Bain Real Estate - Market Update
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March
5
5
Cornwall Cream Hill 2019 March Market Report.
Bain Real Estate Cornwall Cream Hill 2019 Market Report.
Dear Neighbor,
PLEASE CLICK HERE TO SEE THE MAP
Litchfield County's real estate market has strengthened nicely since the Great Recession, ten years past. As the economy has improved buyer confidence has in turn responded positively and thus growth has ensued.
So, how come we had 25 sales in 2017 and yet only 16 sales transactions in Cornwall in the last 12 months? While it may appear as a weakening market the drop is attributable to declining listing levels. With fewer homes available some buyers are reacting to the lack of inventory by pausing. But if there is a scarcity of homes available, the market forces will raise values more hurting those who are on the sidelines....