Real estate sales in Monroe CT for February 2015 INCREASED 45% as compared to February 2014 closed sales.
Average list and sales prices both decreased 14% and 15% respectively with the median home price down 4%.
Market absorption came in at 5.13 months meaning it would take 5.13 months to sell off the present inventory of 82 homes placing Monroe in a seller's market statistically.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Futures show 26 houses under deposit and 12 properties under contract.
Thinking of selling and want to know what your home might sell for? Get a FREE Monroe real estate comparative market analysis.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home. Don't make the #1 biggest mistake!
Which houses attracted buyers and sold in Monroe CT in February 2015?
Monroe CT February 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 3/27/1015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.86 for the last three months, which statistically is a seller's market.
Note 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.
Sales also came in with a nice increase from last month..... a 33% jump.
The sales average for the month tumbled to its lowest level in the last year. Most sales were below the most popular $300 - $400K mark. Not too much activity in the upper ranges to pull the average up.
SEARCH for Your New Home in Monroe, CT
The 'sweet spot' for sales this month was in the most popular $300K - $400K range. No matter which range you are in, prepare your home wisely for a sale. Refer back to the 'seller mistake' link above.
Want to know what your home is worth in Monroe? Get a FREE Monroe real estate comparative market analysis done for your property.
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 -- March 27, 2015. No representation or warranty is made to the accuracy of this information.
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Monroe CT Real Estate Market Report and Homes Sold February 2015
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