Monroe CT Real Estate Market Report August 2012

By
Real Estate Agent with RealtyQuest, Fairfield and New Haven County CT Real Estate RES.0781237
http://actvra.in/JjS

 

Monroe CT Real Estate Market Report August 2012

 

While Monroe CT had a less than stellar August 2012 market report as compared to August 2011, there is some good news.  Sales were UP 21% from the July numbers and registered as the highest sales month since September 2011.   See annual chart below.

Compared to the same period last year. August 2012 sales were down 10% and list and sales price averages decreased significantly at 19% and 18% respectively.

Further analysis shows August 2012 with more than half of sales or 53% of sales below $400K, while the August 2011 sales only registered 36% of sales below $400K; hence the much lower averages.

 

CLICK HERE TO SEARCH for Your New Home in Monroe, CT


Monroe CT Single Family Market Report August 2012

 

As of the date of this report, there are 16 houses under deposit and 31 under contract which should make September a decent sales month as well. It's just those averages that need work.


Which houses sold in Monroe CT in August 2012?

 

Monroe CT August 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 9/21/12)

Monroe CT August 2012 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 7.33 for the last three months, still in buyer's market territory. See bottom of first chart.

Monroe CT Homes for Sale Absorption trend August 2012

 

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.


STILL LOOKS LIKE JANUARY MAY HAVE BEEN THE BOTTOM.

Monroe CT Annual Homes Sales

 

 

SEARCH for Your New Home in Monroe, CT

 

Where August 2012 Sales were in  Monroe CT

 

Remember, each month is a snapshot of the month including all sales. Individual price ranges and results will vary which will determine a correct listing price or amount to offer on a purchase.

Want to know what your home is worth in Monroe? Get a FREE real estate comparative market analysis done for your property in Monroe CT,

The success in selling your house in Monroe CT or any other community is dependent upon accurate pricing, effective preparation, calculating the 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, MARKET, and SELL your home effectively in today's market. All agents do not provide the same marketing services.


Date Source: Greater Fairfield County Multiple Listing Service --September 20, 2012. No representation or warranty is made to the accuracy of this information.

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Monroe CT Real Estate Market Report August 2012

 

 

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Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Barbara, great to see some good news, and hope your sales keep increasing through end of year.

Sep 24, 2012 06:02 PM #1
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Bryan Robertson
Catarra Real Estate, Inc - Los Altos, CA
Broker, Author, Speaker

Looks like you're on track to shift into a sellers market at the rate things are going.

Sep 25, 2012 02:40 PM #2
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Barbara I like it when someone looks at things from the bright side in stead of doom and gloom, and your out look is always sunny :)

Sep 25, 2012 05:24 PM #3
Rainmaker
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Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Barbara - Your reports are always so full of information and I love the graph.

Sep 26, 2012 06:36 AM #4
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Rainmaker
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Barbara Altieri

REALTOR-Fairfield County CT Homes/Condos For Sale
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