Understanding the general direction of the current Branford 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 Branford.
There are currently 132 homes for sale in Branford ranging in price from $180,000 to $7,775,000.
In the month of June 2009 there were 12 homes that closed. This is an decrease of five units as there were 17 homes that closed in June 2008.
The average sales prices of the homes sold in June 2009 was $378,333 with an average 64 days on the market versus $370,470 for those sold in June 2008 with an average 71 days on the market.
The median sales price for June 2009 was $322,500.
The median sales price for June 2008 was $340,000.
Below is a summary of the Branford 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 for the Branford CT real estate market between January-June 2008 and January-June 2009.
For the period of January-June 2008 there were 71 homes sold with an average sales price of $453,796 and a median sales price of $340,000.
For the period of January-June 2009 there were 57 homes sold with an average sales price of $357,500 and a median sales price of $357,500.
The average sold price to list price ratio for January-June 2008 was 94% and for January-June 2009 was 94%.
The average days on market for January-June 2008 was 107 days and for January-June 2009 it was 81 days.
In reviewing this comparison of year to year market data for Branford CT there has been a decrease in the number of homes sold along with 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 declined from the previous year.
The data for the Branford CT real estate market report for June 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
Read more:
Branford CT Real Estate - Branford CT Market Report for May 2009
Branford CT Real Estate - Branford CT Market Report for April 2009
Branford CT Real Estate - Branford CT Market Report for February 2009
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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 considering selling your Branford 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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Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford CT Real Estate - Branford CT Market Report for June 2009*
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