Middlebury Real Estate Market Update 10/9/06

There are currently 128 properties on the market, 21 of which are under contract.
It appears somewhat busier in October with more properties going under deposit. September was a little slower than expected, and I believe it was due to the huge amount of inventory.
A typical real estate deal from signatures to closing usually takes 6-8 weeks. I feel that buyers were taking a little longer to make offers due to the large selection. With the holiday season 6 weeks away, buyers are wanting to get under contract as to fit into this time frame.

As I indicated in a previous post, some of my seller clients have taken their houses off the market, and will reassess for the Spring Market.

3 Properties have CLOSED in the past week.

116 Breakneckhill Rd sold for $725,000

LOT 8 at Avalon Farms sold for $669,172

173 North St sold for $420,000