Stratford CT Single family home sales in April 2015 continued in positive territory. Sales were UP 50% as compared to April 2014 sales.
Listing and closed price averages both decreased 2%. It should be noted that last year's high sale was an outlier at $1,500,000, a waterfront property in Lordship, which brought 2014 averages up by $50K. So that fact makes 2015 averages looking pretty good!
The median was UP 33%.
Days on the market went down 12%.
The absorption rate for the month was at 5.96 months, meaning if there was no new inventory, it would take 5.96 months to sell off the active 268 listings, statistically just shy of a balanced market. Pretty much on par since last month
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Moving forward, there are 72 houses under deposit and 70 pending sales (under contract).... good and strong and up a little from last month.
Which houses attracted buyers and sold in Stratford CT in April 2015?
Stratford CT April 2015 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 5/20/15)
The sweet spot for sales in April 2015 stayed in the $200K-$300K range with 40% of sales with the $100-200K range right behind. Stratford CT remains a very desirable, affordable 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 6.48 months for the last three months, down a month from last month's results.
Keep in mind that this rate is for ALL houses. If you are selling your home, your agent should calculate the absorption rate 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. Get the most for your listing dollars!
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
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Stability this month -- We'll take that!
The sales average for the month was down a bit from last. If the coming months follow trend, we should be seeing a rise in the averages.
Check out previous sales and averages here.
Stratford CT Real Estate Market Report Archive
Date Source: Greater Fairfield County Multiple Listing Service -- May 20, 2015. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold April 2015
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