MARKET ACTION REPORT
Linda Gurtel, CRS,SRES,ABR,GRI
Realtor860-543-1544 firstname.lastname@example.org www.lindagurtel.com
Price Range: ALL | Properties: Single Family Home
Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS reporting methods and allowablereporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
Inventory & MSI
The Total Inventory of Properties available for sale as of August was 219, up 4.3% from 210 last month and up 17.7% from 186 in August of last year. August 2011 Inventory was at highest level compared to August of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2011 MSI of 7.1 months was atits highest level compared with August of 2010 and 2009.
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Augustwas 43, up 10.3% from 39 days last month and down -12.2% from 49 days in August of last year. The August 2011 DOM was at its lowestlevel compared with August of 2010 and 2009.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The August 2011 Selling Price per Square Foot of $158 was down -7.6% from $171 last month and down -3.1%from $163 in August of last year.