Stratford CT Single family home sales in June 2015 INCREASED 34% compared to June 2014 sales and SOARED 46% from last month. See annual sales chart below.
Listing and closed price averages both dipped 22% with a very heavy concentration in the $200K range. The median was down 17%.
Days on the market went up 4%.
The absorption rate for the month took a dive too to 4.61 months, meaning if there was no new inventory, it would take 4.61 months to sell off the active 309 listings, statistically in a seller's market. High sales brought that stat down.
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Moving forward, there are 72 houses under deposit and 70 pending sales (under contract).... still showing super strength.
Which houses attracted buyers and sold in Stratford CT in June 2015?
Stratford CT June 2015 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 7/27/15)
The sweet spot for sales in June 2015 stayed in the $200K-$300K range with 56% of sales, although unusually high. 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 5.87 months for the last three months. back into a sellers market statistically.
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.
Sales have LIFTED OFF!!
The sales average for the month went down from last month. 65% of sales were below the $250K mark.
Check out previous sales and averages here.
Stratford CT Real Estate Market Report Archive
Date Source: Greater Fairfield County Multiple Listing Service -- July 27, 2015. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold June 2015
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