Stratford CT Single Family Market Report and Real Estate - March 2012
Stratford CT March 2012 single family home sales were UP 36% as compared to March 2011 sales.
List and selling price averages both decreased 22% and the median was down 14%.
Days on the market went down 8%
Moving forward, there are 37 houses under deposit and 66 pending sales (under contract). That should ensure another good month of sales moving forward into April.
Which houses sold in Stratford CT in March 2012 and where was the highest concentration?
Stratford CT March 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 4/10/12)
88% of sales in Stratford for March 2012 were in the 100K - $300K which has been the consistent core of sales. Stratford CT remains a very desirable 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 8.92 for the last three months. Notice the absorption for March came in much lower at 6.38 months. (See first chart)
Keep in mind 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. 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.
Thinking about selling or just want to know what your home is worth. GET a FREE professional market analysis done for your property in Stratford CT,
Date Source: Greater Fairfield County Multiple Listing Service -- Arpil 10, 2012. No representation or warranty is made to the accuracy of this information.
Stratford CT Single Family Market Report - March 2012 - Stratford CT Real Estate
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