Homes sales in Monroe CT for May 2016 showed a 32% INCREASE IN SALES compared to May 2015.
Average list and sales prices both INCREASED 5% with the median going UP 7%. Visit this link to understand the difference between median and averages.
The market absorption rate was at 4.56 months. Translated it would take 4.56 months to sell off the present inventory of 114 homes keeping Monroe in a seller's market statistically for the month.
CLICK HERE TO SEARCH for Your New Home in Monroe, CT
Don't let this one get away!
FEATURED LISTING - 89 Wild Horse Court Monroe CT
(Click image to go to property website)
Back to the report ---
Futures show 25 houses under deposit and 41 properties under contract.
Thinking of selling and want to know what your home might sell for? Get a FREE Monroe real estate comparative market analysis.
Sellers: Please read Biggest Home Seller Mistakes if you are thinking of listing your home. Don't make the #1 biggest mistake! .... you KNOW what it is.
Which houses attracted buyers and sold in Monroe CT in May 2016?
Monroe CT May 2016 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 6/25/2016)
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 6.22 for the last three months, which statistically is a buyer's market.
Note 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.
Nice rebound in sales from the previous months, going up 177% since March and 19% since April..
The 'sweet spot' for sales this month was in the most popular $300 - $400K range as well as up one range with both claiming 64% of sales. No matter which range you are in, prepare your home wisely for a sale. Refer back to the 'home seller mistake' link above.
Want to know what your home is worth in Monroe? Get a FREE Monroe real estate comparative market analysis done for your property.
The success in selling your house in Monroe 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.
Date Source: Greater Fairfield County Multiple Listing Service -- June 25, 2016. No representation or warranty is made to the accuracy of this information.
Related Monroe CT Posts:
Monroe CT Market Report Archive
Monroe CT Real Estate Market Report and Homes Sold May 2016