Shelton CT Single Family Market Report - January 2012 - Shelton CT Real Estate

Shelton CT Single Family Market Report - January 2012 - Shelton CT Real Estate

So....What's UP with the Shelton CT single family market for January 2012 which includes Huntington and White Hills? Sales were UP from the same period last year with significant increases in list and selling averages.

Sales were UP 27%.

Average list price was UP 34%.

Average selling price was UP 30%

The median home price was UP 47%.

Days on the market went up 64%. Well, that's not a good increase.

The month's market absorption came in at 11.57 months, not what we want to see. However, see below for a more accurate trend.

As is practice with my market reports, let's take a closer look at the numbers because the increase in averages were outstanding.

73% of January 2011 sales were below $300K. This brought the averages down significantly. 2011's highest sale was $470K.

The typical median range for Shelton is $250-350K. January 2011 was on the lowest part of that range with a $265K median.

While the January 2012 numbers were still good, sales were down from the previous month. However, January is historically a slow sales month.

Moving forward, there are 13 homes under deposit and 24 sales pending.

Which houses sold in Shelton CT in January 2012?

Shelton CT January 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 2/5/12)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 8.53 for the last three months.

How does a seller reduce this number for his house? Price, condition and marketing!!

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.

SEARCH for Your New Home in Shelton, CT which includes Huntington and White Hills.

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.

Thinking of selling? Email me to get a complimentary market analysis for your Shelton home.

Date Source: Greater Fairfield County Multiple Listing Service -- February 5, 2012. No representation or warranty is made to the accuracy of this information.

Shelton CT Single Family Market Report - January 2012 - Shelton CT Real Estate