Shelton CT Single Family Market Report - October 2011 - Shelton CT Real Estate
The good news in the Shelton CT single family market report for October 2011, which includes Huntington and White Hills, is that sales were UP 12.5% over September 2011 sales.
A comparison to the same period last year shows a 22% decrease in sales, as well as 25% decreases in average selling and list prices. The median also fell down at 14% lower.
95% of sales were concentrated in the $0-400K range with only ONE sale above that ($435K). Typically, sales are spread out across most price points. However, October was a different story hence resulting in the much lower than usual averages.
Moving forward, there are 29 homes under deposit and 27 sales pending. November should be a better month.
Which houses sold in Shelton CT in October 2011 and where was the highest concentration?
Shelton CT October 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 11/5/11)
39% of sales in Shelton for October 2011 were in the $200-300K range.
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 10.26 for the last three months.
How does a seller reduce this number for his house? Price, condition and marketing!!
Keep in mind that this rate is for ALL houses. If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.
SEARCH for Your New Home in Shelton, CT which includes Huntington and White Hills.
The success in selling your house in Shelton or any other community is dependent upon accurate pricing, effective preparation, caldulating the absorption rate for your particular price point, and having a strong online marketing presence. A house will sell if there is a synergy among all four. Contact me for advice on how to list your home effectively in today's market.
Date Source: Greater Fairfield County Multiple Listing Service -- November 6, 2011. No representation or warranty is made to the accuracy of this information.
Shelton CT Single Family Market Report - October 2011 - Shelton CT Real Estate
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