Stratford CT Single family home sales in November 2015 INCREASED 7% compared to November 2014 sales.
Listing and closed price averages both went down 8%. The median was UP 3%.
Days on the market went down 21%.
The absorption rate for the month went further into seller's market territory at 4.27 months, meaning if there was no new inventory, it would take 4.27 months to sell off the active 188 listings.
The number of listings decreased 18% from last month explaining the lower rate and a seller's market.
Thinking of buying a home in Stratford CT?
Moving forward, there are 37 houses under deposit and 54 pending sales (under contract).
Which houses attracted buyers and sold in Stratford CT in November 2015?
Stratford CT November 2015 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 12/27/15)
The sweet spot for sales in November 2015 had a strong showing in the $200K - $300K range. 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 3.81 months for the last three months, solidly in a seller's 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.
Sales were a little lower than last month, but showing stability at year end.
The sales average made a nice rebound this month due to the high amount of sales in the $200 - $300K range.
Check out previous sales and averages here.
Date Source: Greater Fairfield County Multiple Listing Service -- December 27, 2015. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold November 2015