Shelton CT Real Estate Market Report and Homes Sold - June 2013
June 2013 single family home sales in Shelton CT were down 3% as compared to June 2012 and INCREASED 15% since May 2013. (See annual chart below)
Average list and closing prices INCREASED 5% and 7% respectively while the median INCREASED 14%.
Days on the market went DOWN 20%.
Market absorption for the month registered at 5.32 months, meaning it would take 5.32 months to sell off the present inventory and is statistically in a seller's market.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
The sales range hot spot for this month was between the $200-$300K with the $400-$500K range coming in a close second place. It's odd to see the $300k-$400k range so low and the split in highest sales ranges, but that is where buyers were attracted for June closings.
Moving forward there are 46 homes under deposit and 36 sales pending, both a little higher than last month. The Strong futures should bring in similar numbers in July.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
So which homes attracted buyers in Shelton CT in June 2013?
Shelton CT June 2013 Homes Sold as of 7/14/13
as recorded in the Greater Fairfield County MLS
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.78 months for the last three months. This is down a bit from last month reflecting the inventory shortage.
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 and give you a better perspective on how to price your home.
Buyers who have been sitting on that fence would be wise to watch the interest rates .. they have been creeping UP... and think seriously about getting off the fence and purchasing before a golden opportunity passes by.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
The success in selling your house in Shelton 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 your home effectively in today's market. I offer you an exceptional marketing plan for your money.
Thinking of selling? Get a complimentary free market analysis for your Shelton home.
Shelton CT Market Report Archive
Date Source: Greater Fairfield County Multiple Listing Service -- July 14, 2013. No representation or warranty is made to the accuracy of this information.
Shelton CT Real Estate Market Report and Homes Sold - June 2013
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