Stratford CT Real Estate Market Report and Homes Sold May 2015

Stratford CT Single family home sales in May 2015 continued on the rise.   Sales were UP 5% as compared to May 2014 sales.

Listing and closed price averages both INCREASED 2%.   The median was UP 4%. 

Days on the market went down 13%.

 
The absorption rate for the month was at 6.76  months, meaning if there was no new inventory, it would take 6.76 months to sell off the active 311   listings, statistically in a buyer's market. 

Thinking of buying a home in Stratford CT? Click here to SEARCH for Your New Home in Stratford

Moving forward, there are 58 houses under deposit and 70 pending sales (under contract).... still showing strength.

Which houses attracted buyers and sold in Stratford CT in May 2015?

Stratford CT May 2015 Property Transfers

(as recorded in the Greater Fairfield County MLS as of 6/25/15)

The sweet spot for sales in May 2015 stayed in the $200K-$300K range with 41% of sales with the $100-200K range right behind.  Almost identical to last month's results.    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 6.86  months for the last three months.

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.

Thinking about selling or just want to know what your home is worth? GET a FREE professional market analysis for your Stratford CT home.  

Sales in a good holding pattern.....

The sales average for the month went up from last month.  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 -- June 25, 2015. No representation or warranty is made to the accuracy of this information.

Stratford CT Real Estate Market Report and Homes Sold May 2015