Shelton CT home sales for December 2012 ended on the upside as compared to December 2011 sales AND last month?s sales.
Compared to last year, sales were UP 23% and compared to November sales, they inched up 8%.
However, average list and closing prices went down from December 2011 results.?? Putting a little positive spin on this, there was a strong cluster of low end sales in December ?12 bringing the averages down. See homes sold chart below.
Days on the market went up just 2% and the median declined? 13%.
Market absorption for the month registered at 4.22 months, meaning it would take 4.22 months to sell off the present inventory.? Shelton remains in a ?seller?s market? with a less than 6 month supply of homes.? That?s a BIG difference from a year ago where it was firmly entrenched in buyer?s market territory. Inventory is LOW.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
The ?sweet spot? for the month was AGAIN in the popular $300K-$400K range with the $200K ? $300K right at its heels.
HINT HINT to seller?s in the price range where the most buyers are.??Be sure your house is prepared to SELL!? You?re currently in a ?seller?s market? position.? Optimize pricing, condition and exceptional marketing and you will have a winning combination.? Well, that advice goes for ANY price range; but YOU have the upper hand here with buyers, in many cases, competing to purchase your property.
Moving forward there are 16 homes under deposit and 42 sales pending wih savvy buyers taking advantage of the ?real estate sale? and still low interest rates.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
So which houses attracted the buyers in Shelton CT in December 2012?
Shelton CT December 2012 Property Transfers as of 1/11/13
as recorded in the Greater Fairfield County MLS
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 4.56 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 trend for your price point to get a more accurate analysis.
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Buyers who have been sitting on that fence would be wise to watch the interest rates and think seriously about getting off the fence and purchasing before a golden opportunity may pass you by.
Thinking of Buying or Selling in Shelton CT? SEARCH homes here.
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The success in selling your house in Shelton 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 your home effectively in today?s market.? I offer you an exceptional marketing plan for your money.
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Thinking of selling? Get a complimentary free market analysis for your Shelton home.
Shelton CT Real Estate Market Report and Homes Sold ? December 2012
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Source: http://realtyquest.com/2013/01/24/shelton-ct-real-estate-market-report-homes-sold-december-2012/
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