Shelton CT Real Estate Market Report and Homes Sold - May 2013
May 2013 single family home sales in Shelton CT were up 35% as compared to May 2012 and spiked up 80% since April 2013.
Average list and closing prices decreased 7% and 9% respectively while the median INCREASED 9%.
Days on the market went up 42%.
Market absorption for the month registered at 5.74 months, meaning it would take 5.74 months to sell off the present inventory and is statistically in a seller's market.
While the sales averages comparison showed a decrease from May 2012, it is important to note that May 2012 had two significant upper end sales that brought that month's averages up.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
The sales range hot spot for this month showed a tie between the $200-$300K and $300K-$400K ranges. Shelton will typically waiver between the two ranges.
Moving forward there are 45 homes under deposit and 34 sales pending. Still strong futures that should bring in similar numbers in the next month.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
So which houses attracted the buyers in Shelton CT in May 2013?
Shelton CT May 2013 Property Transfers as of 6/15/13
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 7.27 months 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 .. they have been creeping UP... and think seriously about getting off the fence and purchasing before a golden opportunity passes 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 -- June 15, 2013. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - May 2013
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