Shelton CT Single Family Market Report for June 2010

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Real Estate Agent with RealtyQuest, Fairfield and New Haven County CT Homes for Sale and Real Estate RES.0781237

Shelton CT Single Family Market Report for June 2010

Shelton CT single family home sales, including Huntington and White Hills,  were UP 35% from June 2009.  The average list and selling prices were down 6% and 5% respectively, and median price was down 9% from the same period last year. Days on the market were up 8%.

Here's the shocker!  The absorption rate for the month of June was actually the lowest in quite some time, with 5.86 months to sell off the current inventory.  That statistically puts June into a 'seller's market'. Remember that?  Well, don't get too excited, though, as sales were boosted by the homebuyer's tax credit.  Nevertheless, it did happen and numbers don't lie. 

Shelton CT Homes Sold June 2010 chart

Where were all the single family sales for the month of June in Shelton?  The hot spot was in the $300-400K range, accounting for 37% of sales. 

Where House Sales Were in JUne 2010 Shelton CT

 

Following are the Shelton, CT property transfers for June 1-June 30 recorded as of July 11, 2010.  The high sale of $700,500 was recorded on Wesley Drive, while the low sale of $123,000 was recorded on Long Hill Avenue. 

Shelton CT June 2010 Property Transfers

 

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 7.32 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

There are currently 15 houses with accepted offers and 37 pending sales (under contract) still holding strong.

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 an omnipresent online marketing presence.  A house will sell if there is a synergy among all four. 

Shelton CT Single Family Market Report for June 2010

Date Source: Greater Fairfield County Multiple Listing Service -- July 11, 2010. No representation or warranty is made to the accuracy of this information.

  

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