Stratford CT Real Estate Market Report - October 2012
Stratford CT October 2012 single family home sales showed a 12% decline in sales as compared to October 2011.
List and selling averages decreased 15% and 14% respectively, with the bulk of sales in the lower $100K-$300K range, while days on the market went DOWN 18%.
Thinking of buying a home in Stratford CT? Click here to SEARCH for Your New Home in Stratford, CT
Moving forward, there are 29 houses under deposit and 71 pending sales (under contract).
Which houses attracted buyers and sold in Stratford CT in October 2012?
Stratford CT October 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of11/18/12)
The hot spot for sales in October 2012 was again buried in the $100K - $300K range with 96% of all sales under $300K. Stratford CT remains a very desirable 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 5.71 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.
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.
Thinking about selling or just want to know what your home is worth? GET a FREE professional market analysis done for your property in Stratford CT,
Date Source: Greater Fairfield County Multiple Listing Service -- November 18, 2012. No representation or warranty is made to the accuracy of this information.
Stratford CT Single Family Market Report - October 2012- Stratford CT Real Estate