Real estate sales in Monroe CT for August 2015 went down 10% as compared to August 2014 closed sales.
Average list and sales prices both INCREASED 15% and 18% respectively with the median going UP 15% as well.
Market absorption came in at 7.83 months meaning it would take 7.83 months to sell off the present inventory of 141 homes pushing Monroe back into a buyers market statistically.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Futures show 13 houses under deposit and 21 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 August 2015?
Monroe CT August 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 9/27/2015)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.31 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 took a big dip in August but still in fourth place for the year.
The sales average for the month went up slightly and was the highest in the last five months.
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The 'sweet spot' for sales this month went UP again from the last few months with a good performance in the $400-$500K range with 39% of sales. No matter which range you are in, prepare your home wisely for a sale. Refer back to the 'home 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 -- September 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 August 2015
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