Monroe CT Real Estate Market Report January 2012

Monroe CT Real Estate Market Report January 2012

Monroe CT real estate sales for January 2012 took a bit of a dip from the same period last year. However, list and sales prices both increased 2%. The median decreased 8%. Days on the market significantly increased with three of the properties being on the market 200+ days.

Which houses sold in Monroe CT in January 2012?

Monroe CT January 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 2/15/12)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 11.39 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.

There's positive news moving forward into February, with 12 houses under deposit and 13 homes under contract.

SEARCH for Your New Home in Monroe, CT

Remember, each month is a snapshot of the month including all sales. Individual price ranges and results will vary which will determine a correct listing price or amount to offer on a purchase.

If you would like a FREE professional market analysis done for your property in Monroe CT, please contact me.

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 -- February 15, 2012. No representation or warranty is made to the accuracy of this information.

Monroe CT Real Estate Market Report January 2012