SHELTON
Market Trends Report
Q1 2013
The Shelton market is showing some signs of improvement since last year with 29% more homes selling this quarter than at the same time last year. There are 34% fewer listings on the market. Fewer listings and increased sales have resulted in 7-8 months of inventory vs. 15-16 months last year. Sale prices have not increased however. In fact, both average sales price and median sale prices have decreased.
Last year in Q1 the price range was $35,000 to $695,000 with a median sale price of $305,000. 1 home sold for over $600,000. In Q1 2013, the lowest sale was $53,000 and the highest was $735,000 with a median sale price of $296,000. 3 homes sold for over $600,000.
The homes most in demand in Shelton during Q1 2013 were 4 bedroom homes in the $400,000-425,000 range. They tended to be on the market 110 days and sell at 97% of list price.
If you are thinking of buying or selling in Shelton, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.
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