Following the real estate market whether online, in print or in the media will inevitably include the usage of two popular terms related to home sales and listings – median and average. The two terms are both valuable statistics, but neither should be relied upon to the exclusion of the other. L
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05/06/2016
It’s no doubt that writing market reports is tedious work. From running numbers to creating the graphics to writing the reports and posting to blogs and social media, it’s a lot of work. There are times when I really don’t relish the fact that the monthly reports are due since they do take a lot
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05/03/2016
Stratford CT single family home sales for March 2016 decreased 13% as compared to March 2015 sales. Sales were up 2% from last month. See chart below. Listing and closed price averages both went UP 3% and 5% respectively with the median rising 11%. Days on the market went DOWN 16%. The abso
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04/30/2016
March 2016 home sales in Trumbull CT were UP 56% as compared to March 2015 sales. The average listing and selling prices for March went down 8% and 7% respectively. The median home price increased 1%. Going forward, there are 62 homes under deposit and 52 sales pending, putting Trumbull in ano
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04/29/2016
Shelton CT single family home sales for March 2016 INCREASED 24% as compared to March 2015 sales. Mixed results on the averages with the listing average going down 2%, closed sales average INCREASING 2% and the median GOING DOWN 5%. The absorption rate recoved quite a bit from last month com
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04/28/2016
THE biggest mistake home sellers can make is to overprice a home. It’s a proven fact. Hearing sellers state they want to ‘leave some room for negotiation’ often means that extra room will lead to overpricing. Once the agent explains all the reasons why overpricing would be detrimental, the owne
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04/20/2016
As a listing agent, a question I usually always get from a prospective buyer is how much the utility bills are for the house or condo they are interested in purchasing. Smart buyers want to know the total cost of owning the home and a realistic assessment includes utility/operating costs.The mo
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04/07/2016
Please join us at the public open house at 95 Riverview Place, Stratford CT, on Sunday, April 3, from 1:00 to 3:00 p.m. Just a few houses from the Housatonic River, with views from the south side of the house and full view from the front yard, this wonderfully updated colonial featuring 3 bedro
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03/31/2016
Stratford CT single family home sales continue on an upward trend in year-to-year comparisons. February 2016 closed sales INCREASED 12% compared to February 2015 sales and were also up 15% from last month. See annual chart below.Listing and closed price averages both went down 25% with the me
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03/31/2016
February 2016 home sales in Trumbull CT were UP 19 % as compared to February 2015 sales. The average listing and selling prices for February went down 5% and 4% respectively. The median home price decreased 4%. Going forward, there are 46 homes under deposit and 53 sales pending, forecasting
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03/30/2016