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Shelton CT Single family home sales for the month of May 2012 remained relatively stable, down only one sale, from the same period last year.
Compared to May 2011, listing and sales prices INCREASED 3% and 7% respectively. The median was held down 14% by a high concentration of sales in the $200K-$300K range. Days on the market went DOWN substantially with a 31% decrease. GREAT News for sellers!!
May sales had a strong showing in the $200K- $300K range, which kept the median down and conversely a few high sales brought the averages up.
Moving forward there are 28 homes under deposit and 56 SALES PENDING, THE HIGHEST NUMBER IN THE LAST YEAR. Homes that are priced well for their condition are attracting the smart buyers who are taking advantage of the 'real estate sale' and still low interest rates.
Which houses sold in Shelton CT in May 2012?
Shelton CT May 2012 Property Transfers as of 6/5/12)
as recorded in the Greater Fairfield County MLS
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 9.75 for the last three months which is trending a bit lower than last month.
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.
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.
Author Bio: Barbara Altieri, CT REALTOR®, helps Fairfield and New Haven County buyers and sellers successfully navigate through a real estate transaction. A proven sales and marketing professional, Barbara provides exceptional customer service and market knowledge. Call 203-520-6930 to discuss your needs and housing dreams.
All data and information provided on this blog is for informational purposes only. Barbara Altieri makes no representations as to the accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from its display or use.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.