Shelton CT single family home sales for June 2016 were down 25% as compared to June 2015 sales. However, June sales were the highest for the year to date and increased 25% from last month.
Both listing average and closed sales averages decreased 2% with the median down 4%. This median is in line with the sales price average, but it is important to understand the difference between median and averages when reading market reports.
The absorption rate went back down (from a buyer's market) into a seller's market (statistically) with 5.26 months of supply. Translation: it would take 5.26 months … (1 comments)
Shelton CT single family home sales for May 2016 were exactly the same as compared to May 2015 sales.
Both listing average and closed sales averages went UP 38% and 36% respectively with the median INCREASING 40%. This median is in line with the sales price average, but it is important to understand the difference between median and averages when reading market reports.
The absorption rate went just over into a buyer's market, from a balanced market in April, with 6.75 months of supply. Translation: it would take 6.75 months to sell off the present inventory of 189 homes. See the absorption … (0 comments)
Shelton CT single family home sales for April 2016 INCREASED 94% as compared to April 2015 sales.
Both listing average and closed sales average went down 4% with the median INCREASING 20%. These results make a good case for looking at ALL the numbers and understanding the difference between median and averages.
The absorption rate went just below a balanced market with 5.91 months of supply. Translation: it would take 5.91 months to sell off the present inventory of 195 homes. See the absorption rate chart below for the three month trend.
Going forward, there are 47 homes under deposit and 55 homes … (2 comments)
Shelton CT single family home sales for March 2016 INCREASED 24% as compared to March 2015 sales.
Mixed results on the averages with the listing average going down 2%, closed sales average INCREASING 2% and the median GOING DOWN 5%.
The absorption rate recoved quite a bit from last month coming in at 7.08 months. Translation: it would take 7.08 months to sell off the present inventory of 184 homes. See the three month trend chart below for an absorption rate visual.
Going forward, there are 46 homes under deposit and 46 homes pending. These numbers are slightly higher than last month. … (1 comments)
Shelton CT single family home sales for February 2016 decreased 35% as compared to February 2015 sales.
Listing and closed sales averages INCREASED 9% and 11% respectively and the median went UP 8%.
Inventory went UP 14%, which combined with the low sales rate, pushed the absorption rate VERY deep into a buyers market for the month. Translation: it would take 13.31 months to sell off the present inventory of 173 homes. See the three month trend below for a more accurate absorption rate.
Going forward, there are 43 homes under deposit and 38 homes pending. These numbers are slightly higher than … (0 comments)
Shelton CT single family home sales for January 2016 decreased 30% as compared to January 2015 sales.
Listing and closed sales averages both INCREASED 13%, and the median went UP 29%. The closed sales average was the HIGHEST for the year. See chart below.
Inventory went down 5% which combined with the low sales rate pushed the absorption rate way up into a strong buyers market for the month. Translation: it would take 10.79 months to sell off the present inventory of 151 homes. See the three month trend below for a more accurate absorption rate.
Shelton CT single family home sales and averages for December 2015 decreased 3% as compared to December 2014 sales.
Listing and closed sales averages decreased 7% and 8% respectively, and the median went down 7%. However, the closed sales average was the HIGHEST for the year. See chart below.
Inventory went up a bit which combined with the sales rate pushed the absorption rate up slightly from last month (4.93) but still in a SELLER's market statistically at 5.68 months. Translation: it would take 5.68 months to sell off the present inventory of 159 homes.
Going forward, there are 22 homes under deposit … (1 comments)
Shelton CT single family home sales and averages for November 2015 decreased 6% as compared to November 2014 sales.
Listing and closed sales averages both decreased 21% and the median went down 16%.
Inventory again went down 12% which combined with a somewhat static sales rate kept the absorption rate in a SELLER's market statistically at 4.93 months. Translation: it would take 4.93 months to sell off the present inventory of 148 homes.
Going forward, there are 19 homes under deposit and 26 homes pending.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
Shelton CT November 2015 Homes Sold as … (2 comments)
Shelton CT single family home sales and averages for October 2015 increase 3% as compared to October 2014 sales and were UP 19% from last month (see annual chart below).
Listing and closed sales averages decreased 5% and 6% respectively and the median went down 7%. However, October's sales average is the SECOND highest for 2015 (see chart below).
Inventory went down 12% which combined with the slightly higher sales rate pushed the absorption rate into a SELLER's market statistically at 5.28 months. Translation: it would take 5.28 months to sell off the present inventory of 169 homes.
Listing and closed sales averages both declined negligibly at 1% compared to 2014.
Inventory remained the same but the higher sales rate helped keep the absorption rate low at 4.13 months. Translation: it would take 4.13 months to sell off the present inventory of 186 homes. This is statistically a SELLERS market.
Going forward, there are 34 homes under deposit and 35 homes pending.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
Shelton CT July 2015 Homes Sold as recorded in the Greater … (0 comments)
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