Monroe CT Real Estate Market Report May 2012

Monroe CT Real Estate Market Report May 2012

May 2012 was a GREAT month in the Monroe CT real estate market.  Closed sales for May 2012 WENT UP 36% compared to May 2011 sales. 

List and sales prices INCREASED 20% and 22% from May 2011 averages, and average days on the market went down 4%.

 Want to get in on the action?  CLICK HERE TO SEARCH for Your New Home in Monroe, CT

Moving forward into June , there are 13 houses under deposit and 24 homes under contract, the highest number of pending sales in the last year. 

 
Which houses sold in Monroe CT in May 2012?

Monroe CT May 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 6/11/12)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 8.93 for the last three months, down almost three months since last month and SIX months from the March report..   The month of May, as shown in the first chart, came in at 8.73 months.

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.  

WAS JANUARY THE BOTTOM??

SEARCH for Your New Home in Monroe, CT

Remember, each month is a snapshot of the month including all sales.  Individual price ranges and results will vary which will determine a correct listing price or amount to offer on a purchase. 

Want to know what your home is worth in Monroe?  Get a FREE real estate comparative market analysis done for your property in Monroe CT,

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 -- June 11, 2012. No representation or warranty is made to the accuracy of this information.

Monroe CT Real Estate Market Report May 2012