Real estate sales in Monroe CT for July 2015 went UP 8% as compared to July 2014 closed sales AND registered a 22% increase from June 2015 sales. See annual chart below.
Average list and sales prices both decreased 4% with the median falling 4% as well.
Market absorption came in at 5.11 months meaning it would take 5.11 months to sell off the present inventory of 138 homes just keeping Monroe in a sellers market statistically.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Futures show 14 houses under deposit and 19 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 July 2015?
Monroe CT July 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 8/28/2015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.09 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 JULY coming in 22 % higher than June.
The sales average for the month went up slightly and in the summer month zone historically. See below.
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The 'sweet spot' for sales this month went UP from the last few months with a solid performance in the $300-$400K range with 37% of sales. 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 -- August 28, 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 July 2015
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