Homes sales in Monroe CT for June 2016 showed a 27% INCREASE IN SALES compared to June 2015 and was the highest recorded number of sales in over a year.
Average list and sales prices both INCREASED 29% with the median going UP 33%. Visit this link to understand the difference between median and averages.
The market absorption rate was at 4.32 months. Translated it would take 4.32 months to sell off the present inventory of 121 homes keeping Monroe in a seller's market statistically for the month.
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Gorgeous Luxury Home for Sale in Hammertown Estates
FEATURED LISTING - 89 Wild Horse Court Monroe CT
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Futures show 24 houses under deposit and 29 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 June 2016?
Monroe CT June 2016 Homes Sold
(as recorded in the Greater Fairfield County MLS as of 7/25/2016)
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.
The rebound continues from the lows in Jan-March. June had the highest sales per month in over a year.
The 'sweet spot' for sales landed above the most popular $300 - $400K range into the $400K - $500K range with over 35% 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 -- July 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 June 2016