April 06, 2006

Millionaires Wanted!

Eastern CT Homes for Sale over 1 million dollars.

In Eastern Connecticut there are currently more than 75 homes listed over 1 million dollars. Unfortunately for those homesellers, only 6 homes have closed over the million dollar mark so far this year. At that rate (known as the absorption rate), it will take over 3 years to sell the existing inventory.

So, if you have a cool million to spend on a home, there are lots of choices and plenty of time to put together a good offer. I don't expect many 'bidding wars' in this price range anytime soon.

Sales and listings as reported by the members of the Eastern Connecticut Realtors Information Service, Inc. do not represent all area sales or listings. Information deemed reliable but not guaranteed.

Topic Tags: Eastern CT, Eastern CT Homes for Sale, Eastern CT Real Estate, Market Conditions

by Linda Davis

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