Understanding the general direction of the current Guilford CT real estate market conditions is of vital 
importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Guilford.
There are currently 174 homes for sale in Guilford ranging in price from $205,000 to $6,750,000.
In the month of February 2009 there were fourteen homes that closed which is an increase of three homes as there were eleven homes that closed in February 2008.
The average sales prices of the homes sold in February 2009 was $422,914 versus $703,127 for those sold in February 2008.
Median sales price for February 2009 was $397,450 with an average 108 days on the market.
Median sales price for February 2008 was $662,500 with av average 124 days on the market.
Below is a summary of the Guilford CT real estate market that provides a more in depth view of market conditions over the past twelve months.
The following charts are an overview of the market statistics in Guilford CT between January -December 2007 and January -Decmeber 2008.
For the period of January - December 2007 there were 274 homes sold with an average sales price of $599,070, a median sales price of $452,750 and an average days on market of 78 days.
For the period of January - Decmeber 2008 there were 205 home sold with an average sales price of $559,137, a median sales price of $408,000 and an average days on market of 102 days.
The average list to sale price ratio for January - December 2007 was 95% and for January - December 2008 was 94%.
The average days on market for January -December 2007 was 78 days and for January - December 2008 it was 105 days.
In reviewing this comparison of year to year market data, there has been a significant decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market. The number of homes sold went down considerably year over year while the average days on market has been rising. The average list price to sales price year to year has remained relatively flat.
The data for the Guilford CT real estate market report for February 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
If you're considering selling your Guilford home, we'd be happy to provide you with a Pin-Point Price Analysis of your home which will help you determine what it might sell for in today's market.
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Contact Donna Bigda, RE/MAX Alliance Licensed Realtor® in the State of Connecticut at 203-488-1641, ext. 214 to list your property for sale or to purchase a property in Branford, Guilford, Madison, East Haven, New Haven and the rest of shoreline area in New Haven County Connecticut.
If you're thinking about buying a home in Guilford CT there are plenty of great buys in today's market and now is one of the best times to buy while interest rates remain low. For more information on Guilford CT real estate homes or condos, see Guilford CT real estate or sign up today to get access the hottest new listings here Guilford CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Guilford CT Real Estate - Guilford CT Market Report for February 2009*
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