SHELTON
Market Trends Report
January 2012
The Shelton, Connecticut real estate market has showing signs of picking up within the past 3 months. The slowdown earlier in the year can be attributed in part to the power outages that accompanied Tropical Storm Irene and the freak October snowstorm. However, the 3 month comparison shows that sale prices are on the rise.
The amount of inventory that the market can absorb has decreased over the past 3 and 6 months. We use the 12 month absorption rate (see chart abover) to determine inventory absorption, which means that it would take about 10 months to sell every home currently on the market in Shelton.
Although it is still a Buyers Market in Shelton, the absorption rate is in line with many other Fairfield County towns. With low interest rates and an improving economy, we are expecting a good Spring market. Let's hope the weather stays mild and the Spring market begins early this year!
If you are thinking of buying or selling in Shelton, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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