Shelton CT Condo Market Report for October 2009
The condo real estate market in Shelton Connecticut for the month of October, 2009, is on the upswing in sales as compared to the same time last year.
MLS data shows Shelton condo sales in October were up 9% from October 2008. Average list and selling prices were down 21.3% and 23.5% respectively. The high sale was in Crescent Village and the low sale was in Heather Ridge. Average days on the market decreased 16% -- good news for sellers.
The market absorption rate, which shows the number of months it would take to sell the entire inventory at the same pace, is at 8.9 months, which confirms a buyer's market.
Where were all the condo sales for the month of October in Shelton?
The hot spot was in the $200K-400K range with 'up to $200K' coming in second. Check here for all the October 2009 condo sales.
The absorption trend for the last nine months below shows a slight trending upward in sales per month as well as a downward trend in the market absorption. Good news on both fronts.
The success in selling your condo in Shelton or any other community is dependent upon accurate pricing, absorption rate for your particular price point, and having an omnipresent online marketing presence. Your condo will sell if there is a synergy among all three.
For information on Shelton CT single family homes sales in October, 2009, visit here.
Date Source: Greater Fairfield County Multiple Listing Service -- November 4. 2009. No representation or warranty is made to the accuracy of this information.
Barbara Altieri, REALTOR
Listing and Buyer's Agent
Certified Short Sales Specialist
RealtyQuest Real Estate Sales and Services
30 Huntington Street, Shelton CT 06484
203.929.1752
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