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prospect

Prospect was established in 1827 and is surrounded by Bethany, Waterbury, Cheshire, and Naugatuck. The town is 5 miles long and 4 miles wide with a population of approximately 9,717 as of the year 2017.

Prospect is known locally as being "The Best Small Town in Connecticut," with the phrase posted on the town's trucks and website. The name originates from an early 1990s article in Connecticut Magazine which ranked Prospect as the worst small town in the entire state. The measurement was done based on its school system, economy, the cost of living, crime rate and cultural resources.

Prospect is well connected to Connecticut's wider transportation network. Route 69 and Route 68 intersect near the town centre, which provide town residents access to New Haven, Waterbury, and Union City. In close proximity to the Waterbury-Prospect line are entrances to I-84, and close to the Cheshire-Prospect border are entrances to I-691.

info stats

LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS

  • The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.

  • Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.

  • Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area.  Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.

market reports

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