Shelton CT December 2009 Single Family Market Report - Sales SURGE!
By Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale
(Better Homes and Gardens RE Shore and Country Properties)
Shelton CT December 2009 Single Family Market Report - Sales SURGE! Shelton CT single family home sales SURGED in December, 2009, as compared to the same time last year. MLS data shows Shelton single family home sales in December were UP 57% from December 2008. Average list and selling prices were down 11.86% and 13.77% respectively. These numbers were considerably more respectable than November's report. Average days on the market indicated a 40% increase; however, there were a few listings at 300+ days which skewed the results. Those particular houses being sold is good news, also. Inventory is MOVING! The market absorption rate, which shows the number of months it would take to sell the entire inventory at the same pace, is DOWN to 5.54 months. This statistic puts the inventory ...
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