Watertown CT 2022 Year End Real Estate Market Analysis
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Watertown CT 2022 Year End Real Estate Market AnalysisThe year 2022 was a continuation of the strong seller's market of the previous 2 years. The rise of interest rates created due to the inflationary trend in the second half of the year put some buyers back into a waiting mode. Businesses are on the rebound and their biggest obstacles are the rise in raw materials as well as the lack of qualified employees. In spite of this, after a slight pause the market in Watertown began its rise and finished the year strong. For the year 2021, the market sales or absorption rate was 23 sales per month, with an average sales value of $308,435 and average days on market of 47.For the year 2022, the market sales or absorption rate was 23 sales per month, with an average sales value of $329,271 and ...
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