Stratford CT single family home sales for June 2016 INCREASED just 1.5% as compared to June 2015 sales but was the highest recorded month in over a year. Sales were also UP 26% from last month. See annual chart below for better optics.
Listing and closed price averages were both UP 16%. The median went UP 8%. Read here about the difference between the sales average and median home price.
Days on the market went DOWN 2%.
The absorption rate for the month remained in a seller's market from last month. If there was no new inventory, it would take 3.38 months to sell off the active 230 listings.
Thinking of buying a home in Stratford CT?
There are 65 houses under deposit and 91 pending sales (under contract) continuing the strong numbers moving forward.
Which houses made the SOLD list in Stratford CT in June 2016?
Stratford CT June 2016 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 7/25/16)
The 200K - $300K range claimed the top spot with high honors with 50% of the sales. 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 3.92 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 May kept up exactly with April and will continue with the strong number of pending sales.
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 -- July 25, 2016. No representation or warranty is made to the accuracy of this information.
Stratford CT Real Estate Market Report and Homes Sold June 2016