Real estate sales in Monroe CT for March 2015 INCREASED 22% as compared to March 2014 closed sales.
Average list and sales prices both INCREASED 7% and 8% respectively with the median home price UP 8%.
Market absorption came in at 8.91 months meaning it would take 8.91 months to sell off the present inventory of 98 homes placing Monroe in a buyer's market statistically. Still low sales overall combined with an increase in inventory led to the higher than normal absorption rate.
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Futures show 28 houses under deposit and 19 properties under contract.. a little higher than last month.
Thinking of selling and want to know what your home might sell for? Get a FREE Monroe real estate comparative market analysis.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home. Don't make the #1 biggest mistake!
Which houses attracted buyers and sold in Monroe CT in March 2015?
Monroe CT March 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 4/27/2015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.54 for the last three months, which statistically is a buyer's market.
Note 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.
Even though better than March of last year, sales took a dip from last month. Should go up from here over the next few months, historically the highest in sales as the graph proves.
The sales average for the month was the HIGHEST in the last year. A nice even balance of sales across all price ranges contributed to the high average.
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The 'sweet spot' for sales this month went down from the popular $300K - $400K range. Averages still went up due to the balance across all ranges. No matter which range you are in, prepare your home wisely for a sale. Refer back to the 'seller mistake' link above.
Want to know what your home is worth in Monroe? Get a FREE Monroe real estate comparative market analysis done for your property.
The success in selling your house in Monroe 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.
Date Source: Greater Fairfield County Multiple Listing Service -- April 27, 2015. No representation or warranty is made to the accuracy of this information.
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