East Haven CT Real Estate Market Report May 2009

Understanding the general direction of the current East 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 East Haven.

There are currently 123 homes for sale in East Haven ranging in price from $89,000 to 1,089.00. 

In the month of May 2009 there were 16 homes that closed.  This is the same number of homes that closed in May 2008.  

The average sales prices of the homes sold in May 2009 was $210,696 with an average 61 days on the market versus $249,150 for those sold in May 2008 with an average 64 days on the market. 

The median sales price for May 2009 was $208,500.

The median sales price for May 2008 was $235,950.

Below is a summary of the East 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-May 2008 there were 68 homes sold with an average sales price of $230,305 and a median sales price of $226,500.

For the period of January-May 2009 there were 73 homes sold with an average sales price of $189,469 and a median sales price of $180,000.

The average sold price to list price ratio for January-May 2008 was 96% and for January-May 2009 was 95%.

The average days on market for January-May 2008 was 91 days and for January-May 2009 it was 88 days.

In reviewing this comparison of year to year market data for East Haven CT while there has been an increase in the number of homes sold there is still a decrease in the average sales price indicating a continued weakness in the real estate market.  The average days on market for homes sold this year has seen a slight decline from the previous year.

The data for the East Haven CT real estate market report for May 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

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Contact Donna Bigda, ABR, SRES, e-PRO, Realtor®, 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 considering selling your East Haven 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.

If you're thinking of buying a  home in East Haven CT see East Haven CT  real estate or sign up today to get access the hottest new listings here East Haven CT homes and condos. 

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*East Haven CT Real Estate Market Report May 2009*