Stratford CT Real Estate Market Report -January 2013
Stratford CT January 2013 single family home sales showed a 56% INCREASE in sales as compared to January 2012.
However, listing and selling averages decreased 11% and 10% respectively, and days on the market went up 10%.
January stayed in SELLER'S MARKET territory with inventory down and a less than six month supply of homes.
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Moving forward, there are 36 houses under deposit and 63 pending sales (under contract).
Which houses attracted buyers and sold in Stratford CT in January 2013?
Stratford CT January 2013 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 2/9/13)
The hot spot for sales in January 2013 was barely in the $200K-$300K range with 89% of all sales under $300K. Sellers in the popular $100K - $300K range are in a position to move their homes quickly if priced, prepared and marketed correctly.
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 4.66 for the last three months, still in a SELLER'S MARKET. Time to stop holding off getting your house on the market! Buyers are waiting for new inventory!
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 for your Stratford CT home.
Date Source: Greater Fairfield County Multiple Listing Service -- February 9, 2013. No representation or warranty is made to the accuracy of this information.
Stratford CT Single Family Market Report - January 2013 - Stratford CT Real Estate