Shelton CT Single Family Market Report - February 2012 - Shelton CT Real Estate
February 2012 sales of single family homes in Shelton CT registered a 14% increase in sales from January 2012 and a 7% increase from February 2011.
Compared to the same period last year, listing and sales prices both decreased 13% and 11% respectively. February 2012 had less higher-end sales than February 2011 bringing the averages down.
The median remained flat at less than 1% and days on the market went DOWN a significant 25%. Houses priced well and marketed extensively are bringing the buyers in.
82% of sales fell below $400K with the hot spot for sales being between $200K-$300K. Even with the decrease in list and selling prices, the median of $277,500 was on par with the previous month.
Moving forward we have GREAT news with houses under deposit and pending (under contract) sales.
There are 32 homes under deposit and 22 sales pending.
Which houses sold in Shelton CT in February 2012?
Shelton CT February 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 3/4/12)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 8.88 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, calculating 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.
Thinking of selling? Email me to get a complimentary market analysis for your Shelton home.
Date Source: Greater Fairfield County Multiple Listing Service -- March 4 2012. No representation or warranty is made to the accuracy of this information.
Shelton CT Single Family Market Report - February 2012 - Shelton CT Real Estate
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