Shelton CT Real Estate Market Report and Homes Sold - February 2013

 Shelton CT Real Estate Market Report and Homes Sold - February 2013

Shelton CT home sales for February 2013 showed a 19% INCREASE in sales from the same period last year. 

Additionally, average list and closing prices both INCREASED 2% and 5% respectively from February 2012 results.

Days on the market went up significantly at 57%, with a few significant outliers which brought the average up.

Market absorption for the month registered at 5.68 months, meaning it would take 5.68 months to sell off the present inventory. Shelton remains in a seller's market for February with inventory levels still low.

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

The sales range hot spot for this month went back into the popular $200-$300K barely squeaking by the lower $200K and below range. 

 Moving forward there are 19 homes under deposit and 35 sales pending with 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 February 2013?

Shelton CT February 2013 Property Transfers as of 3/9/13 

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 5.06 for the last three months still statistically in a seller's market.
 

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. I offer you an exceptional marketing plan for your money.

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

Shelton CT Market Report Archive

Date Source: Greater Fairfield County Multiple Listing Service -- March 9, 2013. No representation or warranty is made to the accuracy of this information.

Shelton CT Real Estate Market Report and Homes Sold - February 2013