washington
The Town of Washington, incorporated in 1779, was taken from Woodbury, Litchfield, Kent, and New Milford. Washington is a town of 38.7 square miles with 89.5 miles of roadway. Our population exceeds 4,000 full-time residents, approximately 550 of whom are public school students.
Washington is a socially, culturally and economically rich community supported by a host of generous, caring citizens. They contribute time and money to ensure strong educational systems, quality library services, intelligent land use planning, first-rate emergency care and a wide range of intellectual and recreational activities.
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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.