Monroe CT Real Estate Market Report June 2012
The June 2012 Monroe, Connecticut market report had its ups and downs. Compared to the same period last year. sales were off by three sales BUT list and sales prices INCREASED significantly at 18% and 17% respectively. Days on the market average remained flat at a 2% increase.
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Moving forward into July , there are 17 houses under deposit and 23 under contract, the second highest number of pending sales in the last year.
Which houses sold in Monroe CT in June 2012?
Monroe CT June 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 7/17/12)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.53 for the last three months, DOWN almost 1.5 months since last month and 7.5 months from the March report.. The month of June , as shown in the first chart, came in at 8.07 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.
LOOKS LIKE JANUARY MAY HAVE BEEN THE BOTTOM.
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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 --July 17, 2012. No representation or warranty is made to the accuracy of this information.
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Monroe CT Real Estate Market Report June 2012
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