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The housing market is local! It is not countywide, statewide, regional and certainly not national. We even are reluctant to group our primary towns into one entity and report of the "state-of-the-housing-market" in our area. Instead, we follow and report on each of our primary towns - Shelton, Stratford, Trumbull - separately as well as the individual property types - single-family detached homes, condominiums, multi-unit homes – within each town. Our reports are updated on a monthly basis. For each property type within each town, we provide the following reports. Each report covers the past 25 months. - The median list price of active listings,
- The number of active listings,
- The median sale price of sold listings,
- The number of sold listings,
- The month's supply of inventory.
With each chart the trendline based on the 25 month's of data is shown. One of the most important charts is the month’s supply of inventory. A MSI from five to seven months is considered a balanced market, while above seven months is considered a buyer’s market – more supply than demand – and below five months, a seller’s market – more demand than supply. For all the other charts, one’s perception depends on whether you are a buyer of seller. For example, a buyer would like to see the trend line for the median sale price of listings sold going down, while a seller would prefer to see it going up. Below, please select the desired reports, complete the form provided, and click on OK.
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