For the Fourth straight month there was ANOTHER nice increase in homes sales in Monroe CT! Real estate closed sales for December 2015 went UP 79% as compared to December 2014 closed sales.
Average list and sales prices both decreased 4% with the median going down 10% as well.
Market absorption came in very low at 3.08 months. Translated it would take 3.08 months to sell off the present inventory of 77 homes putting Monroe in a sellers market statistically. The combination of inventory dropping 10% as well as higher sales helped drive the rate down.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Futures show 8 houses under deposit and 16 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 December 2015?
Monroe CT December 2015 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 1/25/2016)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.20 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.
WOW! Great way to finish off the year in sales.... Second highest month for the year!
Sales averages were pretty stable the last few months with December coming in just a bit below November.
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The 'sweet spot' for sales this month was again in the $200 - $300K range. 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 -- January 25, 2016. 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 December 2015
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