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

Monroe Connecticut Real Estate Market Trends Report - November 2012

MONROE

Market Trends

November 2012

Monroe Connecticut Real Estate Market Trends - November 2012

Monroe’s chart shows indicators of a strengthening market over the past 12 months.  Sale prices have increased significantly, inventory is lower, and the Average List to Sales Price Ratio hovers around 95-96%.  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. 

It looks like Monroe’s real estate market hit bottom in Q1 2012 and a recovery is underway.  The leveling off of prices is likely seasonal.

MONROE INVENTORY

Monroe Connecticut Real Estate Inventory - November 2012

MONROE SALES

Monroe Connecticut Real Estate Sales - November 2012

MONROE'S HOTTEST HOMES

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 only 94 days and sell for 96% of list price.  

 

 

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Comment balloon 0 commentsGail Robinson • December 29 2012 05:30PM

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