Stratford CT Single Family Market Report and Real Estate- December 2011

Stratford CT Single Family Market Report and Real Estate- December 2011

Stratford CT December 2011 single family home sales ended up the year 12% higher than the previous month and overall fairly steady the last four months.

A year-to-year comparison shows list and sales prices decreased 6% and 5% respectively. The median was down 18% and days on the market stayed flat at 2%. Nice to see the supply of homes is statistically creeping into a SELLER'S market.

However, keep in mind that some sellers have postponed listing their homes around the holidays and are waiting until spring to list or relist. Those doing so should rethink that strategy as inventory will be lower now than in the spring thus reducing competition if the home is listed NOW.

Which houses sold in Stratford CT in December 2011 and where was the highest concentration?

Stratford CT December 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 1/20/12)

92% of sales in Stratford for December 2011 were below $300K, with the hot spot being in the $100K-200K range. Stratford remains a very desirable area for first time buyers and downsizers. Add on those historically low interest rates and you have a magical combination for buyers.

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.42 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. Some price points favor sellers; others favor buyers.

Moving forward, there are 23 houses under deposit and a healthy 54 homes under contract. Homes are SELLING!

SEARCH for Your New Home in Stratford, CT

The success in selling your house in Stratford 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.

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

Date Source: Greater Fairfield County Multiple Listing Service -- January 20, 2012. No representation or warranty is made to the accuracy of this information.

Stratford CT Single Family Market Report - December 2011 - Stratford CT Real Estate