Stratford, Connecticut - The Market is Getting Better

The following is a list of towns and the homes that have taken a deposit,

 by month since the beginning of this year:

  Stratford Milford Shelton Trumbull Bridgeport
January 28 16 11 10 30
February 24 22 12 17 32
March 32 20 13 17 46
April 39 25 15 30 38
May 34 28 20 27 55
June 53 35 24 36 58
July 39 13 16 18 58

 

Call us anytime for a Complimentary Market Analysis (CMA)!

1 comment • The Kasey Group • July 27 2009 10:24AM

Stratford, Connecticut- Good News??

Existing-home sales hit 8-month high

Inventories fall, adding hopes that the housing market is starting to recover.

Posted by Elizabeth Strott on Thursday, July 23, 2009 10:33 AM

house for sale © Getty Images

Existing-home sales rose 3.6% in June to an annualized pace of 4.86 million, to the highest level since October, the National Association of Realtors reported this morning.

It was the third monthly increase in a row. "This represents yet another encouraging sign that the housing market is beginning to stabilize," Nomura Securities chief economist David Resler wrote in a note to clients.

Economists had expected an annualized pace of 4.85 million last month. Sales are down 0.2% from June of 2008.

Inventories fell 0.7% to 3.82 million in June. At the current sales pace, it would take 9.4 months to sell homes on the market, an improvement from the 9.8 months in May.

A 7-month supply is typically consistent with stabilization in prices, NAR chief economist Lawrence Yun, said in a press conference. It may take until the end of this year or early 2010 before property values steady, Yun added.

So who's buying? Tax incentives are helping spark resale activity in lower-priced homes. The supply of homes under $250,000 is under a six-month supply, while the supply of homes over $1 million is over 20 months.

That excess supply is contributing to the slump in home prices. The median price of an existing home fell 15.4% to $181,800 from $215,000 in June 2008.

June is traditionally one of the best sales months of the year as families prepare to move before the start of the next school term, according to the NAR. The group adjusts the figures for these seasonal variations, however.

Home sales peaked in August 2005 at an annualized rate of more than 7.2 million. Sales have not topped the 5 million mark since last September.

0 comments • The Kasey Group • July 23 2009 01:14PM

Seymour, CT - Open House this Sunday!

16 Carriage Drive

Seymour, Connecticut

$399,900

Join us for our open house on Sunday, July 12th from 12-3

 

 

 

 

 

 

 

  •  Stunning  4 bedroom, 2.5 bath Colonial with 2 car garage.
  • Light, bright eat-in kitchen with access to deck overlooking serene yard.
  • Entertainment ready formal dining room with hardwood floors.
  • First floor offers living room, family room with fireplace, and
  • 1/2 bath with laundry.
  • Master bedroom suite with walk-in closet and full bath.
  • Updates Include: new roof, newer carpet, new furnace, and new 2 zone central air.
  • Located in sought after Great Hill neighborhood.

 Stop by the open house or call The Kasey Group for a private showing 203-378-8200

0 comments • The Kasey Group • July 10 2009 12:33PM