Once again, the Shelton CT real estate single family market report for August 2013 is showing great numbers. Check it out!
August 2013 single family home sales in Shelton CT INCREASED 42% as compared to August 2012.
Average list and closing prices INCREASED 25% and 24% respectively while the median also INCREASED 9%. There were more higher end sales than typical which brought the averages up. (See all sales as recorded in the MLS below) The median would be a more accurate indicator of home sales.
Days on the market went up slightly to 5%.
Market absorption for the month registered at 4.22 months, meaning it would take 4.22 months to sell off the present inventory and is still statistically in a seller's market.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
The sales range hot spot for this month went down a notch to the $200K-$300K range with the usually most popular $300K-$400K range coming in a close second.
Moving forward there are 39 homes under deposit and 30 sales pending, both a little lower than last month. The futures remain decent with 22 single family homes sales recorded for September as of the date of this report with one week to go.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
So which homes attracted buyers in Shelton CT in August 2013?
Shelton CT August 2013 Homes Sold as of 9/22/13
as recorded in the Greater Fairfield County MLS
Highest sale in Shelton CT in August, 2013
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.29 months for the last three months. This is down only slightly from last month.
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 and give you a better perspective on how to price your home.
Buyers who have been sitting on that fence would be wise to watch the interest rates .. they have been creeping UP... and where they are now is not going to last forever. There is still a great buying opportunity NOW.
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 -- September 22, 2013. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - August 2013
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