Stratford CT single family home sales for April 2016 INCREASED 20% as compared to April 2015 sales. Sales were up 38% from last month. See chart below.
Listing and closed price averages both down 2% and .25% respectively. The median rose 9%. Read here about the difference between the sales average and median home price.
Days on the market went DOWN 15%.
The absorption rate for the month moved into a seller's market from last month. If there was no new inventory, it would take 4.63 months to sell off the active 250 listings.
Thinking of buying a home in Stratford CT?
There are 73 houses under deposit and 87 pending sales (under contract) continuing the strong numbers moving forward.
Which houses made the SOLD list in Stratford CT in April 2016?
Stratford CT April 2016 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 5/25/16)
The 200K - $300K range claimed the top spot for sales with the $100K - $200K range right behind it. Stratford CT still 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 5.73 months for the last three months, in a seller's market statistically.
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 in April on a nice upswing, up 38% from last month.
April closed sale average in respectable territory.
Check out previous sales and averages here.
Looking for waterfront or homes near Long Island Sound? Check out Living in Lordship.
Date Source: Greater Fairfield County Multiple Listing Service -- May 25, 2016. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold April 2016