New Haven Connecticut - New Haven CT Real Estate Market Report July 2009
Understanding the general direction of the current 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 New Haven.
There are currently 197 homes for sale in New Haven ranging in price from $34,000 to $1,195,000.
In the month of July 2009 there were 40 homes that closed which is an increase of 3 homes as there were 37 homes that closed in July 2008.
The average sales prices of the homes sold in July 2009 was $278,927 with an average 74 days on the market versus $332,535 for those sold in July 2008 with an average 68 days on the market.
The median sales price for July 2009 was $215,000.
The median sales price for July 2008 was $225,000.
Below is a summary of the 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-July 2008 there were 186 homes sold with an average sales price of $259,541 and a median sales price of $215,000.
For the period of January-July 2009 there were 181 homes sold with an average sales price of $213,886 and a median sales price of $180,000.
The average sale price to list price ratio for January-July 2008 was 94% and for January-July 2009 was 93%.
The average days on market for January-July 2008 was 82 days and for January-July 2009 it was 83 days.
In reviewing this comparison of year to year market data for New Haven CT there has been a small decrease in the number of homes sold. The significant decrease in the average sales price indicates a continued weakness in the real estate market. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. The average days on market for homes sold this year has remained relatively flat from the previous year.
The data for the New Haven CT real estate market report for July 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
Click here for previous New Haven Connecticut Market Reports
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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.
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Copyright © 2009 by Donna Bigda, All Rights Reserved ...*New Haven Connecticut - New Haven CT Real Estate Market Report July 2009*
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