Understanding the general direction of the current Morris Cove New Haven 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 Morris Cove.
There are currently 24 homes for sale in Morris Cove ranging in price from $89,000 to $469,900.
In the month of March 2009 there were two homes that closed which is a decrease of two homes as there were four homes that closed in March 2008.
The average sales prices of the homes sold in March 2009 was $186.250 versus $209,375 for those sold in March 2008.
Median sales price for March 2009 was $186,250 with an average 86 days on the market.
Median sales price for March 2008 was $206,250 with av average 105 days on the market.
Below is a summary of the Morris Cove New Haven CT real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January - December 2007 there were 41 homes sold with an average list price of $269,870, average sales price of $253,756, a median sales price of $247,500, an average days on market of 66 days with a 97% sale price to list price ratio.
For the period of January - Decmeber 2008 there were 34 home sold with an average list price of $246,423, average sales price of $235,976, a median sales price of $227,000, an average days on market of 78 days with a 95% sales price to list price ratio.
In reviewing this comparison of year to year market data, there has been a 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 saw a moderate decline year over year while the average days on market has been rising. The average sale price to list price year to year is also seeing a slight decrease..
The data for the Morris Cove New Haven CT real estate market report for March 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
There are great opportunities for today's buyers looking for affordabe homes in Morris Cove with the great low interest rates that are available.
If you're considering selling your Morris Cove 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 Morris Cove New Haven 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 Morris Cove real estate homes or condos, see Morris Cove real estate or sign up today to get access the hottest new listings here Morris Cove New Haven CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Morris Cove New Haven CT Market Report - March 2009*
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