Stratford CT Real Estate Market Report and Homes Sold October 2015

Stratford CT Single family home sales in October 2015 INCREASED 14% compared to October 2014 sales.

Listing and closed price averages went down 2% and 3% respectively.   The median was down 3%. 

Days on the market went down 3%.

 
The absorption rate for the month went further into seller's market territory at 4.77 months, meaning if there was no new inventory, it would take 4.77 months to sell off the active 229 listings. 

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Moving forward, there are 59 houses under deposit and 72 pending sales (under contract), continued good strength on both numbers.

Which houses attracted buyers and sold in Stratford CT in October 2015?

Stratford CT October 2015 Property Transfers

(as recorded in the Greater Fairfield County MLS as of 11/25/15)

The sweet spot for sales in October 2015 went down into the $100K - $200K range with the popular  $200K-$300K range on its heels.    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 4.58 months for the last three months, solidly in a seller's market.

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.

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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.  

 With the exception of the June sales spike, sales for the last 8 months shows significant stability.

The sales average was pushed down by a higher than usual number of sales in the lower ranges which seems to be a trend this month in Stratford and neighboring towns as well. 

Check out previous sales and averages here.

 Stratford CT Real Estate Market Report Archive

Date Source: Greater Fairfield County Multiple Listing Service -- November 25, 2015. No representation or warranty is made to the accuracy of this information.

Stratford CT Real Estate Market Report and Homes Sold October 2015