Single family home sales in Shelton CT for November 2014 were UP 39% over the same period last year.
Listing and closed sales averages were both down 6% but the median went UP 8%.
November 2014 home sales were UP 6% over November 2013 results. Days on the market were up 44%.
The supply of homes went down significantly from last month resulting in a downward 4.19 month supply of homes, which is statistically a sellers market.
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Shelton CT November 2014 Homes Sold
as recorded in the Greater Fairfield County MLS
Where was the sweet spot for sales in November? The $300-$400K range AGAIN took top honors with 25% of sales. Sales were fairly evenly spread out this month across the price ranges.
Sales also showed a little improvement from October 2014.
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.23 months for the last three months.
This rate is for ALL houses. If you are selling your home, your agent should calculate the absorption rate for your price point to get a more accurate analysis. Some price points favor sellers; others favor buyers.
Thinking of selling? Get a complimentary free market analysis for your Shelton home.
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.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
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.
Related reference: Shelton CT Market Report Archive
Date Source: Greater Fairfield County Multiple Listing Service -- December 10, 2014. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - November 2014
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