Stratford CT Single family home sales in September 2015 INCREASED 20% compared to September 2014 sales.
Listing and closed price averages both went UP 2%. The median was down 3%.
Days on the market went up 12%.
The absorption rate for the month went back down into seller's market territory at 5.16 months, meaning if there was no new inventory, it would take 5.16 months to sell off the active 284 listings.
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Moving forward, there are 58 houses under deposit and 74 pending sales (under contract), continued good strength on both numbers.
Which houses attracted buyers and sold in Stratford CT in September 2015?
Stratford CT September 2015 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 10/27/15)
The sweet spot for sales in September 2015 remained in the $200K-$300K range with 40% of sales. Stratford CT remains a very desirable, affordable town for first time buyers and downsizers.
The absorption TREND, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 5.80 months for the last three months. just below a balanced market.
Keep in mind that this rate is for ALL houses. If you are selling your home, your agent should calculate the absorption rate for your price point to get a more accurate analysis. Some price points favor sellers; others favor buyers.
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. Get the most for your listing dollars!
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home.
Thinking about selling or just want to know what your home is worth? GET a FREE professional market analysis for your Stratford CT home.
After that sales spike in June, sales are still pretty strong and capped by an even stronger September when activity historically calms down.
The sales average for the month while down from the last few months still fell within the popular $230K - $250K range
Check out previous sales and averages here.
Date Source: Greater Fairfield County Multiple Listing Service -- October 27, 2015. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold September 2015