Shelton CT Condo Market Report for July 2010

Shelton CT Condo Market Report for July 2010

The Shelton CT condo market report for July 2010 was a little slow compared to the same time last year and previous months showing a decrease of 33% in sales. However, there are 12 units under deposit and 14 pending sales some of which were surely affected by the homebuyer tax credit.

The median sales figure came in at 12% lower than last year and days on the market showed a significant reduction -- down 70%.

Following are the Shelton, CT condo property transfers for July 1-31 recorded as of August 29, 2010. The high sale was in Rivendell, and the low sale was in Country Place.

The $200-300k range once again took the prize in sales for July with a median sales figure of $247,450.

The absorption trend for the last three months indicates a rate of 14.16. Based on the current inventory and the number of solds, it would take 14+ months to sell your condo. While still high, this figure showed a decrease from the previous months.

Sellers -- Have your listing agent calculate the absorption rate for your price range. This will help you to determine if you need to adjust your pricing OR if you have not listed yet, determine the best price.

Be sure to check the Shelton CT Single Family Market Report for July 2010.

Shelton CT Condo Market Report for July 2010

Date Source: Greater Fairfield County Multiple Listing Service -- August 29, 2010. No representation or warranty is made to the accuracy of this information.