It's important to understand the details of each local Connecticut market when buying or selling. We'll provide the inside scoop on the latest market trends, real estate information and happenings that impact Connecticut real estate. Let us know what information would be helpful to you in the search or sale of your home.

 

Feb. 23, 2019

Absorption And Flow In The Market

As a seller in the Connecticut real estate market, it's important to understand the statistics and the pace of listings that are selling. Absorption is the rate at which new listings are being absorbed into the market as a pending or sale. Flow considers all statuses including expired listings. It has to be factored into the decision on pricing if you would like to be successful in selling for top dollar.

The market is shifting into a buyer's market where inventory will begin to build in specific price ranges and buyers will have additional time to make decisions.

Find out the detail of your market by contacting us for additional information on how absorption and flow will impact the saleability of your home.

 

 

Posted in Pricing Your Home
May 28, 2018

CT Sellers: Don't Get Caught In The Time Lag

In the past year, inventory has been low across the state and buyers have been abundant in many price ranges. This has made it necessary for buyers to positively position themselves with sellers in multiple offer situations. Buyers had limited time to make purchase decisions and not much leverage to negotiate during the inspection phase.

While inventory in many popular price points is still low, there is a subtle shift in the market and listings are building in price ranges that were lacking inventory. We are now seeing slight pressure on pricing and "days on market" beginning to extend. This appears to be a start of a time lag where we may be shifting away from a "seller's market". If you are motivated to sell, be mindful of your pricing and responsive to your first few weeks on the market. Watch the number of showings, and listen to feedback about your pricing.

Call us with any questions on the nuances of your local market and neighborhood shifts. We can provide the statistical detail for you to make an informed decision about the pricing on your home. 

Posted in Pricing Your Home
May 25, 2018

Your Home Purchase

Choosing the right agent for you is crucial in your search for a home. The agent needs to understand the local trends, statistics and nuances of the market. In many areas of Connecticut, it's considered a "sellers" market, meaning that the supply of buyers is frequently higher than the number of sellers which creates a fast-paced market. Buyers have to be pre-approved by a lender and ready to make rapid decisions on a purchase.

If you are buying, be fully prepared to by having a discussion with your lender and a pre-approval letter in hand. Currently, sellers appear to have the upper hand in negotiating the purchase price and any inspections items that may need to be addressed. We can provide you with the statistics and comparable sales that can give you factual information about your purchase. 

Reach out to us to get your home purchase process started. 

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates