Milford CT Homes - Milford Real Estate Market Report September 2009

Understanding the general direction of the current Milford 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 Milford.

There are currently 219 Milford CT homes for sale ranging in price from $94,900 to $3,750,000. In the month of September 2009 there were 32 homes that closed which is a decrease of 10 home as there were 42 Milford CT homes that closed in September 2008.

The average sales prices of Milford CT homes sold in September 2009 was $364,464 with an average 56 days on the market versus $388,521 for those sold in September 2008 with an average 56 days on the market.

The median sales price for September 2009 was $271,250.

The median sales price for September 2008 was $388,750.

Below is a summary of the Milford real estate market that provides a more in depth view of market conditions over the past twelve months.

For the period of January-September 2008 there were 281 Milford CT homes sold withan average list price of $387,207, an average sales price of $369,452 and a median sales price of 332,500.

For the period of January-September 2009 there were 257 Milford CT homes sold with an average list price of $336,062, an average sales price of $317,803 and a median sales price of $280,000.

The average sale price to list price ratio for January-September 2008 was 95.41% and for January-September 2009 was 94.67%.

The average days on market for January-September 2008 was 84 days and for January-September 2009 it was 87 days.

In reviewing this comparison of year to year market data for Milford real estate there has been a considerable decrease in the number of homes sold. While there has been a considerable decrease in the average sales price the months supply of inventory is going down indicating signs of some stability in the Milford real estate market. . The average days on market for homes sold this year has increased slighly from the previous year.

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

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, Milford, West Haven, New Haven, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Milford CT 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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