Market Trends Report
The Shelton, Connecticut Spring real estate market brought an increased number of sales and a high Average List to Sales Price ratio of 97%. Unfortunately, prices decreased and are lower than a year ago.
The amount of inventory that the market can absorb improved over the past 3 months. We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take 11.5 months to sell every home currently on the market in Shelton.
Although it is still a Buyers Market in Shelton, the absorption rate is in line with many other Fairfield County towns.
If you are thinking of buying or selling in Shelton, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.