Shelton CT single family home sales were UP 43% over the same period last year.
Listing and closed sales averages were UP 3% and 4% respectively while the median went down 12%.
Days on the market went up 28%.
The supply of homes came in at 4.85, meaning it would take 4.85 months to sell off the present inventory of 97 homes. This is statistically a sellers market.
Going forward, there are 28 homes under deposit and 24 homes pending.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
Shelton CT January 2015 Homes Sold
as recorded in the Greater Fairfield County MLS
Where was the sweet spot for sales in January? The $200K - $300K range took top honors with 40% of sales leaving the popular $300-$400K range in the dust. However, sales were spread out over most ranges.
Sales took a dip from last month but still kept its head above water.
A NEW chart added this month shows the average sales prices throughout the last year giving buyers and sellers and even better idea of Shelton's present and past market.
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.00 months for the last three months. Inventory is LOW.
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.
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.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
Related posts:
Shelton CT Market Report Archive
Living in Shelton CT - Real Estate and Homes and Condos for Sale
Date Source: Greater Fairfield County Multiple Listing Service -- February 11, 2015. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - January 2015
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