Shelton CT Real Estate Market Report - March 2012

Shelton CT Real Estate Market Report - March 2012

March 2012 sales of single family homes in Shelton CT were down considerably from March 2011.  The yearly sales chart below shows March 2011 with the highest number of sales in the last year.   

A comparison of March 2012 sales to the two previous months shows sales steady.  There's good news, though.....read on.....

Compared to the same period last year, listing and sales prices both INCREASED 38% and 36% respectively.  The median was up 15%. 

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73% of sales fell below $400K with the hot spot for sales being between $300K-$400K.  Shelton consistently fluctuates between the $200K-300K and $300-400K ranges.

Moving forward  there is OPTIMISTIC news with houses under deposit and pending (under contract) sales.

There are 27 homes under deposit and 41 sales pending.  That is the highest number of pending sales in the last year.  April sales should be showing a nice increase in number of units sold just based on the pending sales alone combined with the warmer weather setting in and the STILL LOW INTEREST RATES.   

Which houses sold in Shelton CT in March 2012?

Shelton CT March 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 4/4/12)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 11.93 for the last three months.  Inventory has increased bringing the rate up considerably.

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 -- April 4, 2012. No representation or warranty is made to the accuracy of this information.

Shelton CT Real Estate Market Report - March 2012