2019 Village East Windsor CO Market Data (Commentary)
Village East is a bit of an anomaly in the market. With new construction long gone in the neighborhood, 2019 was a year of settling in. Our estimate is that less than 2% of sellers in a neighborhood that is less than 3 years old contemplate a move. Add that to an overall tight inventory market and not much in the way of activity is expected. Homes that do come on the market take a little longer than one would expect but that has something to do with neighboring communities still having new construction activity and standing builder inventory.
Overall, 2019 was a strong sellers market. Some months, inventory was at 4 months. But, the average over the entire year was 1.275 months of inventory (with the data available- strangely, pockets of data are not included in the overall). The lower that number, the more it favors sellers. We fully expect 2020 to still be a seller’s market but with so many new construction permits being pulled, expect a softening but not a dramatic one.
Market Reference Disclaimer:
6 months or less = Sellers Market/ 6-7 months = Neutral Market/ Over 7 months = Buyers Market
Disclaimer- The graphic above and associated commentary is based on the static data (a snapshot in time) and is wholly based on the post authors opinion of the data at the time the post was published. The data below is dynamic. Meaning, it automatically updates as one piece of data changes (not a snapshot in time).
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