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FIRST QUARTER 2012<br />
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williampitt.com<br />
INTRODUCTION<br />
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For the first time since the financial crisis began, we are experiencing a traditional “Spring Market” in Connecticut housing.<br />
Since December, demand has improved substantially relative to prior years, with pending sales increases of up to 100% versus a<br />
year ago. We believe the combination of greatly improved consumer confidence driven by the brightening employment picture,<br />
coupled with a continued high home affordability index reflecting the combination of low prices and interest rates, has unleashed<br />
the pent-up demand in our marketplace.<br />
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As important as the increased demand is the fact that transactions are having a higher success rate in reaching the closing table.<br />
Buyers<a title="WP2011MarketReport page 1" href="http://viewer.zmags.com/publication/ddb5fafd?page=1">FIRST QUARTER 2012williampitt.com</a> FIRST QUARTER 2012williampitt.com<a title="WP2011MarketReport page 2" href="http://viewer.zmags.com/publication/ddb5fafd?page=2">INTRODUCTIONFor the first time since the financ</a> INTRODUCTIONFor the first time since the financ<a title="WP2011MarketReport page 3" href="http://viewer.zmags.com/publication/ddb5fafd?page=3">SINGLE-FAMILY HOME SALES SHOW RENEWED VITALITYS</a> SINGLE-FAMILY HOME SALES SHOW RENEWED VITALITYS<a title="WP2011MarketReport page 4" href="http://viewer.zmags.com/publication/ddb5fafd?page=4">Shoreline homes, have experienced unusually slow </a> Shoreline homes, have experienced unusually slow <a title="WP2011MarketReport page 5" href="http://viewer.zmags.com/publication/ddb5fafd?page=5">SINGLE-FAMILY HOME CLOSED & PENDING SALES - THE S</a> SINGLE-FAMILY HOME CLOSED & PENDING SALES - THE S<a title="WP2011MarketReport page 6" href="http://viewer.zmags.com/publication/ddb5fafd?page=6">PRICES DEMONSTRATE CONTINUED STABILITYThe past </a> PRICES DEMONSTRATE CONTINUED STABILITYThe past <a title="WP2011MarketReport page 7" href="http://viewer.zmags.com/publication/ddb5fafd?page=7">market, which was generally quite good in 2011, h</a> market, which was generally quite good in 2011, h<a title="WP2011MarketReport page 8" href="http://viewer.zmags.com/publication/ddb5fafd?page=8">SINGLE-FAMILY HOME PRICE CHANGE - THE SHORELINE 2</a> SINGLE-FAMILY HOME PRICE CHANGE - THE SHORELINE 2<a title="WP2011MarketReport page 9" href="http://viewer.zmags.com/publication/ddb5fafd?page=9">INVENTORY LEVELSAs the housing market begins to</a> INVENTORY LEVELSAs the housing market begins to<a title="WP2011MarketReport page 10" href="http://viewer.zmags.com/publication/ddb5fafd?page=10">ROWAYTON AT IT’S FINEST - ROWAYTON, CT - MLS: 985</a> ROWAYTON AT IT’S FINEST - ROWAYTON, CT - MLS: 985