Stratford CT Real Estate Market Report - June 2012
Stratford CT June 2012 single family home sales were UP 18% from sales in May but were down 15% as compared to June 2011 sales.
List and selling price averages, as compared to the same period last year,were relatively flat compared to June 2011 sales.
Days on the market went DOWN 6% AND with inventory down Stratford IS in a seller's market!
Thinking of buying a home in Stratford CT? Click here to SEARCH for Your New Home in Stratford, CT
Moving forward, there are 34 houses under deposit and a Strong 79 pending sales (under contract).
Which houses sold in Stratford CT in June 2012 and where was the highest concentration?
Stratford CT June 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 7 /21/12)
The sweet spot for sales in June 2012 was in the 200K - $300K range with 85% of all sales in the $100K - $300K range. Stratford CT remains a very desirable town for first time buyers and downsizers.
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.85 for the last three months, DOWN almost two months since the May report. These are lowest numbers in a VERY long time.
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. Some price points favor sellers; others favor buyers.
The success in selling your house in Stratford CT 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, MARKET, and SELL your home effectively in today's market. All agents do not provide the same marketing services.
Thinking about selling or just want to know what your home is worth? GET a FREE professional market analysis done for your property in Stratford CT,
*** WHAT DO YOU THINK? HAS STRATFORD CT SEEN THE BOTTOM IN THE HOUSING MARKET?***
Date Source: Greater Fairfield County Multiple Listing Service -- July 21, 2012. No representation or warranty is made to the accuracy of this information.
Stratford CT Single Family Market Report - June 2012- Stratford CT Real Estate