Wallingford has a diversified commercial and industrial base attracting high-technology industries as well as traditional manufacturing. It is the home of a large variety of industries and major corporations spanning the spectrum of the medical, health care, service, hi-tech specialty metal manufacturing and research development. The development of the Barnes Industrial Parks, Casimir Pulaski Industrial Park, Centract Park and MedWay Industrial Park have greatly contributed to a diversified tax base. An Interchange Zone which permits restrictive commercial development of office parks, research and development centers and hotels was created at the intersection of lnterstate 91 and Route 68.
Public transportation is provided by Amtrak, commuter rail (CTrail Hartford) and by local buses. Freight service is furnished by Conrail and various motor common carriers. Air service is available at Tweed New Haven Airport about thirteen miles away and at Bradley International Airport which is approximately 40 miles north of Wallingford off Interstate 91. The Meriden Airport on the Wallingford/Meriden town line is actively used for private, executive and corporate aircraft.
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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.
