Real estate sales in Monroe CT for June 2015 went down 8% as compared to June 2014 closed sales BUT registered a 16% increase from May 2015 sales. See annual chart below.
Average list and sales prices both decreased 9% with the median falling 9% as well.
Market absorption came in at 6.18 months meaning it would take 6.18 months to sell off the present inventory of 136 homes just keeping Monroe in a buyer's market statistically.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Futures show 24 houses under deposit and 24 properties under contract.
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 June 2015?
Monroe CT June 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 7/27/2015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.42 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.
Good news! Sales continued their UPWARD trend with June coming in 16% higher than May.
The sales average for the month went down again from last month due to the high cluster of sales in the $200K-$300K range. See below.
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The 'sweet spot' for sales this month went down two notches from last month with a solid performance in the $200-$300K range bringing the average down. No matter which range you are in, prepare your home wisely for a sale. Refer back to the 'home 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 -- July 27, 2015. No representation or warranty is made to the accuracy of this information.
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Monroe CT Real Estate Market Report and Homes Sold June 2015
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