Stratford’s market has improved over the past three months. It is still a Buyer’s Market as Months Supply on Market is 7.1 for the 12 month period, which is close to a balanced market (6 months supply is balanced and less than 6 months is a Buyer’s Market). In fact, the 3 Months figure is 6.3 months of inventory, so Stratford is inching closer to a balanced market.
In retrospect, Stratford’s real estate market appears to have hit bottom in Q1 2012 and is now in recovery.
What homes are most in demand by buyer in Stratford? The sweet spot in the market is for 3-4 bedroom homes with a list price of $225,000-275,000. They tend to be on the market only 88-106 days and sell for 94% of list price.