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Barbara Altieri's Blog

By Barbara Altieri of RealtyQuest | Agent in Shelton, CT

Shelton CT Single Family Market Report for January 2011

Shelton CT Single Family Market Report for January 2011

Shelton CT single family home sales began the year down from the same period last year.  Averages were considerably lower since the bulk of sales fell below $300K.   See property transfers below.

Shelton CT Single Family Market Report January 2011

Shelton CT January 2010 Property Transfers

(as recorded in the Greater Fairfield County MLS)

Shelton CT January 2011 Property Transfers

More than half of the sales were under $300K. The usual hotspot is typically in the $250-350K range.

Where House Sales Were in January 2011 Shelton CT 

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 9.37 for the last three months.   If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.  

Shelton CT Homes for Sale Absorption trend

The last 12 months is still looking like a roller coaster ride.   There are currently 16 houses with accepted offers and 26 pending sales (under contract).  That should get the coaster moving in an upward direction for February.

Check Shelton homes for sale to browse the latest inventory.

The success in selling your house in Shelton or any other community is dependent upon accurate pricing, effective staging, 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 your home effectively in today's market.

Shelton CT Single Family Market Report for January 2011

Date Source: Greater Fairfield County Multiple Listing Service -- February 4, 2011. No representation or warranty is made to the accuracy of this information.


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