New Haven Homes For Sale - New Haven CT Real Estate Market Report August 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 203 homes for sale in New Haven ranging in price from $34,000 to $1,195,000.
In the month of August 2009 there were 40 homes that closed which is an increase of 7 homes as there were 33 homes that closed in August 2008.
The average sales prices of the homes sold in August 2009 was $211,962 with an average 77 days on the market versus $256,853 for those sold in August 2008 with an average 77 days on the market.
The median sales price for August 2009 was $172,500.
The median sales price for August 2008 was $223,000.
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-August 2008 there were 219 homes sold with an average sales price of $259,136 and a median sales price of $215,000.
For the period of January-August 2009 there were 221 homes sold with an average sales price of $213,538 and a median sales price of $179,900.
The average sale price to list price ratio for January-August 2008 was 94% and for January-August 2009 was 93%.
The average days on market for January-August 2008 was 81 days and for January-August 2009 it was 82 days.
In reviewing this comparison of year to year market data for New Haven CT there has been a slight increase in the number of homes sold and the average sales price is still trending down. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. We are however now seeing a positive trend in the reduction of the months supply of inventory which is sign that the market is beginning to stabilize. 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 August 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.
If you're considering selling your New 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.
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Copyright © 2009 by Donna Bigda, All Rights Reserved ...*New Haven Homes For Sale - New Haven CT Real Estate Market Report August 2009*
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