Shelton CT Real Estate Market Report and Homes Sold - November 2012

 Shelton CT Real Estate Market Report and Homes Sold - November 2012

Home sales in Shelton CT in November 2012 INCREASED 19% as compared to November 2011 sales. List and sales averages both rose a healthy 13% and 17% respectively.

Days on the market went down 23% and the median jumped  10%.  All in all November 2012 was a VERY respectful month!

Market absorption for the month registered at 5.40 months, meaning, by the numbers, it would take 5.40  months to sell off the present inventory.  That is statistically in the elusive 'seller's market' with a less than 6 months supply of homes.

Thinking of Buying or Selling in Shelton CT? SEARCH homes here.

The 'sweet spot' for the month was in the popular $300K-$400K range.  HINT HINT to seller's in the price range where the most buyers are.  Be sure your house is prepared to SELL!  You're currently in a 'seller's market' position.  Optimize pricing, condition and exceptional marketing and you will have a winning combination.... and THAT goes for ANY price range!

Moving forward there are 22 homes under deposit and 37 sales pending wih savvy buyers taking advantage of the 'real estate sale' and still low interest rates.

Thinking of Buying or Selling in Shelton CT? SEARCH homes here.

So which houses attracted the buyers in Shelton CT in November 2012?

Shelton CT November 2012 Property Transfers as of 12/10/12)

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 5.63 for the last three months.

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.

Buyers who have been sitting on that fence would be wise to watch the interest rates and think seriously about getting off the fence and purchasing before a golden opportunity may pass you by.

Thinking of Buying or Selling in Shelton CT? SEARCH homes here.

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? Get a complimentary free market analysis for your Shelton home.

Date Source: Greater Fairfield County Multiple Listing Service -- December 10, 2012. No representation or warranty is made to the accuracy of this information.

Shelton CT Real Estate Market Report - November 2012