Shelton CT Single Family Real Estate Market Report for June 2011
Shelton CT single family home sales for June 2011 wereÂ exactly on par withÂ May 2011 in number of sales.
Let's take a look back to June 2010.Â What was happening there?Â Well, that was the expiration of the homebuyer tax credit, which artificially boosted sales with there being some residual going into July 2010. Now, that credit also boosted the selling prices a bit as well.
However, take a look at the June 2011 prices compared to June 2010.
Average list and selling prices INCREASED 6% & 4% respectively.Â Â
The median home price was flat with a 1.46% decrease from last year.
July is trending to be good as well with 17 Â houses under deposit andÂ 32 pending sales (under contract).Â Â
Which houses sold in Shelton CT in June 2011?
Shelton CT June 2011Â Property Transfers
(as recorded in the Greater Fairfield County MLS)
38% of sales in Shelton for June 2011 were in the $200-300K range.
The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace,Â came in atÂ 10.45 for the lastÂ three months.Â
Keep in mind that this rate is for ALL houses.Â If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurateÂ analysis.Â Â
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.Â A house will sell if there is a synergy among all four.Â Contact me for advice on how to list your home effectively in today's market.
Be sure to check the Shelton CT Condo Market report for June 2011 for some really great numbers!
Shelton CT Single Family Real Estate Market Report forÂ June 2011
Date Source: Greater Fairfield County Multiple Listing ServiceÂ --Â July 3, 2011. No representation or warranty is made to the accuracy of this information.