Monroe CT Real Estate Market Report February 2013
The Monroe CT real estate market results for February 2013 showed a 100% increase in sales as compared to February 2012. Average list and sales prices declined 4% and 7% respectively.
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Moving forward, there are 18 houses under deposit and 24 (pending) under contract,
Which houses attracted buyers and sold in Monroe CT in February 2013?
Monroe CT February 2013 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 3/5/13)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.40 for the last three months, still in seller's market territory.
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.
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It was a tie for the sales hot spot this month. As it is where the buyers are, it's where sellers in those price ranges can get their homes sold quickly with correct pricing and presentation.
Remember, each month is a snapshot of the month including all sales. Individual price ranges and results will vary which will determine a correct listing price or amount to offer on a purchase.
Want to know what your home is worth in Monroe? Get a FREE Monroe real estate comparative market analysis done for your property.
The success in selling your house in Monroe 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.
Date Source: Greater Fairfield County Multiple Listing Service -- March 5, 2013 . No representation or warranty is made to the accuracy of this information.
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Monroe CT Real Estate Market Report February 2013
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