North Branford Homes For Sale - North Branford Real Estate Market Report October 2009
Understanding the general direction of the current North Branford 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 North Branford.
There are currently 29 North Branford homes for sale ranging in price from $99,900 to $796,000. In the month of October 2009 there were 2 homes that closed which is a decrease of 1 homes as there were 3 homes that closed in October 2008.
The average sales prices of North Branford homes sold in October 2009 was $348,600 with an average 29 days on the market versus $326,500 for those sold in October 2008 with an average 67 days on the market.
The median sales price for October 2009 was $348,500.
The median sales price for October 2008 was $247,000.
Below is a summary of the North Branford real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-October 2008 there were 38 North Branford homes sold withan average list price of $326,158, an average sales price of $309,987 and a median sales price of 294,750.
For the period of January-October 2009 there were 43 North Branford homes sold with an average list price of $276,810, an average sales price of $262,014 and a median sales price of $238,000.
The average sale price to list price ratio for January-October 2008 was 94.77% and for January-October 2009 was 94.85%.
The average days on market for January-October 2008 was 106 days and for January-October 2009 it was 86 days.
In reviewing this comparison of year to year market data for North Branford real estate there has been a slight increase 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 North Branford real estate market. . The average days on market for homes sold this year has decreased from the previous year.
The data for the October 2009 real estate market report for North Branford homes for sale is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
Click here for previous North Branford Connectiuct Market Reports
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, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.
If you're considering selling your North 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 ...*North Branford Homes For Sale - North Branford Real Estate Market Report October 2009*
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