Real estate sales in Monroe CT for May 2015 INCREASED 19% as compared to May 2014 closed sales and registered a 36% increase from April 2015 sales. See annual chart below.
Average list and sales prices were flat with the median falling 6%.
Market absorption came in at 7.37 months meaning it would take 7.37 months to sell off the present inventory of 140 homes keeping Monroe in a buyer's market statistically.
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Futures show 27 houses under deposit and 25 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 May 2015?
Monroe CT May 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 6/25/2015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 9.55 for the last three months, which statistically is a buyer'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 were UP as compared to last May AND up 36% from last month (April 2015)
The sales average for the month went down again from last month but still holding its own looking back over the entire previous year results.
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The 'sweet spot' for sales this month went UP to the $400 - $500K from the popular $300K - $400K range. That was offset by 53% of sales being below the range which kept the averages flat. 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 -- June 25, 2015. No representation or warranty is made to the accuracy of this information.
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