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Barbara Altieri's Blog

By Barbara Altieri of RealtyQuest | Agent in Shelton, CT

Shelton CT Single Family Market Report ~ July 2011 ~ Shelton CT Real Estate

Shelton CT Single Family Market Report ~ July 2011 ~ Shelton CT Real Estate

 

Shelton CT single family home sales for July 2011 continue to be in an upward trend since April.  Sales were up 14% since June.

Shelton CT Annual Home Sales Chart

A comparison to the same period last year shows a 25% decrease in sales.   July 2010 was the month after the homebuyer tax credit ended, so there was a residual increase in sales making it definitely a statistical outlier.  

Shelton CT Single Family Market Report July 2011

 

Take a look at the averages.   List and selling prices continue to INCREASE.  This month they went UP 15% and 17% respectively.  

The median home price was UP 23%.   Going forward there are 17 homes under deposit and 26 under contract.  

 

Which houses sold in Shelton CT in July 2011?

 

Shelton CT July 2011 Property Transfers
(as recorded in the Greater Fairfield County MLS)

Shelton CT July 2011 Property Transfers

33% of sales in Shelton for July 2011 were in the $200-300K range.

Home sold in Shelton CT in July 2011

 

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 10.18 for the last three months. 

Keep in mind 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.  

Shelton CT Homes for Sale Absorption trend


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 ~ July 2011 ~ Shelton CT Real Estate

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

  

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