Fairfield County Homes for Sale: Monroe Connecticut Real Estate Market Trends Report - October 2012

Monroe Connecticut Real Estate Market Trends Report - October 2012

MONROE

Market Trends

October 2012

Monroe Connecticut Real Estate Market Trends - October 2012

 

Monroe’s chart showed indicators of a strengthening market over the past six month time period, but the more recent 3 month trends are less positive.  Sale prices have decreased, inventory has increasted and the Average List to Sales Price Ratio has decreased to 93%.  While Monroe is still in a Buyer’s Market with 7.9 months of inventory (the 12 month figure is used for the absorption analysis and a supply greater than 6 months is considered a Buyer’s Market), the trend is towards a more balanced market (the three month trend is 6.6 months of inventory), but trend signals are mixed.. 

 

It looks like Monroe’s real estate market hit bottom in Q1 2012 and a recovery is underway, but the road remains rocky.

 

What homes are most in demand by buyers in Monroe?  The sweet spot in the market is for 4 bedroom homes with a list price of $450,000-475,000.  They tend to be on the market 111 days and sell for 96% of list price. 

 

Monroe Inventory

 

Monroe Connecticut Inventory - October 2012

 

Monroe Sales

 

Monroe Connecticut Sales - October 2012

 

 

 

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Comment balloon 0 commentsGail Robinson • November 10 2012 06:19PM

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