New Haven CT Homes - New Haven CT Real Estate Market Report January 2010
Understanding the general direction of the current New Haven CT homes 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 189 New Haven CT homes for sale ranging in price from $29,900 to $1,200,000.
In the month of January 2010 there were 29 homes that closed which is an inrease of 11 homes as there were 18 homes that closed in January 2009.
The average sales prices of the New Haven CT homes sold in January 2010 was $198,070 with an average 105 days on the market versus $148,267 for those sold in January 2009 with an average 81 days on the market..
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-December 2008 there were 309 homes sold with an average list price of $248,845, an average sales price of $236,700 and a median sales price of $199,500.
For the period of January-December 2009 there were 353 homes sold with an average list price of $209.867, an average sales price of $199,238 and a median sales price of $172,000.
The average sale price to list price ratio for January-December 2008 was 94.90% and for January-December 2009 was 93.78%.
The average days on market for January-December 2008 was 82 days and for January-December 2009 it was 84 days.
In reviewing this comparison of year to year market data for New Haven CT homes there has been a significant increase in the number of homes sold while the average sales price has decreased considerably. 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 a sign that the market is beginning to stabilize. The average days on market for New Haven CT homes sold this year has seen a slight increase from the previous year.
The data for the New Haven CT real estate market report January 2010 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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