The Shelton, CT real estate market has been very slow to recover since crashing about a decade ago. The last few years of increasing buyer demand, coupled with decreasing home inventory have led to homes selling faster and prices finally moving upward statewide. Some towns have fared better than others. The Shelton real estate market has seen a lot of unrest since 2008.
Average sales prices of Shelton single family homes only just bottomed out in 2015 after several tumultuous years, but sales prices are headed up again since!
2015 saw home sales prices fall to decade low of $307,057 but things are certainly improving:
The last two years have seen the average sales prices in Shelton increase by 5-6% per year!
This is certainly good news and very promising for Shelton home owners overall! However, for those who bought or refinanced their homes during the peak of the market, prices are still down 14% from a decade ago. Upward movement in Shelton has been slow and uncertain, leaving many still struggling with negative equity. There are options for those who need to sell but lack the equity to get out of the loan.
And for those who have the time to wait it out - looks like things are headed your way!
Last Updated on January 27, 2018 by Minna Reid