Stratford CT Single family home sales in December 2014 were down 16% as compared to December 2013 sales. Sales fizzled as compared to last month. See annual chart below.
Listing and closed price averages were down 3% and 1% respectively. The median for the month was off 16%.
The absorption rate for the month went up considerably from last month to 9.61 months, meaning that if there was no new inventory, it would take 9.61 months to sell off the active 221 listings.
Stratford needs inventory! The supply of homes was down 16% from last month. I know prospective home sellers wait for the 'spring market', but wouldn't you rather have your home on the market NOW with less inventory ..... so less competition??
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Moving forward, there are 41 houses under deposit and 47 pending sales (under contract).
Which houses attracted buyers and sold in Stratford CT in December 2014?
Stratford CT December 2014 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 1/19/15)
The sweet spot for sales in December 2014 remained in the popular $200K- $300K range with 44% of the sales with the second most popular range $100K - $200K taking second honors with 30%. Stratford CT remains a very desirable, affordable town for first time buyers and downsizers.
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.25 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 for your price point to get a more accurate analysis. Some price points favor sellers; others favor buyers.
SEARCH for Your New Home in Stratford, CT
The success in selling your house in Stratford 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. Get the most for your listing dollars!
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
Thinking about selling or just want to know what your home is worth? GET a FREE professional market analysis for your Stratford CT home.
Stratford CT Real Estate Market Report Archive
Date Source: Greater Fairfield County Multiple Listing Service -- January 19, 2015. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold December 2014
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