Shelton CT Single Family Market Report for November 2009

Here's what happened in the single family real estate market in Shelton Connecticut for the month of November, 2009, as compared to the same time last year.

MLS data shows Shelton single family home sales in November were UP 21.74 % from November 2008.  Average list and selling prices were down 29.65% and 28.29 % respectively. These numbers are down considerably from last month's report due to the high end November '08 $1,250,000 sale, which skewed the results.  Average days on the market went down 9.62% -- good news for sellers. 

The market absorption rate, which shows the number of months it would take to sell the entire inventory at the same pace, is at 7.48 months, down three whole months from October. which still confirms a buyer's market but much better than last month's 10.50 months. 

Where were all the single family sales for the month of November in Shelton?

Once again, the hot spot was in the $200K-400K range.  First time buyers likely still dominated the market.  Upper $$ homes did not fare well during the month indicating sellers should take a look at their pricing and marketing.

The absorption trend for the last nine months below shows a slight trending upward in sales per month with a flat finish.  The market absorption is DOWN three months from last month's report.

The success in selling your home in Shelton or any other community is dependent upon accurate pricing, absorption rate for your particular price point, and having an omnipresent online marketing presence.  Your home will sell if there is a synergy among all three. 

For information on the Shelton CT condo market, look here.

Date Source: Greater Fairfield County Multiple Listing Service -- December 2. 2009. No representation or warranty is made to the accuracy of this information.