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Madison Connecticut Real Estate Market Report October 2008

By Jamie Dumaine-Russell

Real Estate Agent with RE/MAX Alliance 0754296

November 02, 2008 01:16 PM

Madison Connecticut Market Report October 2008 Madison Connecticut Real Estate Market Report October 2008

Understanding the general direction of the current Madison Connecticut real estate market is of vital importance to both sellers and buyers. In analyzing these trends, property absorption rates provide a good indication of whether the current real estate cycle is a buyer's market, a seller's market or a balanced market.

There are currently 207 Madison Connecticut homes for sale (single family).Below is the most up-to-date absorption rate analysis:

Photo courtesy of slack12

Madison Connecticut Real Estate Market Report October 2008

Featured below are Madison Connecticut Real Estate Sales for the past three months. Statistics are broken down by price range for a better view of the current market which is showing a good balance of sales between the price ranges of $250,000 to $1,000,000.

Overall, the Madison real estate market is still experiencing a large inventory of homes in all price ranges to suit any buyer's individual needs. If you are thinking of buying a home in Madison Connecticut now is a great time to buy while interest rates are still low and there's a good supply of homes to choose from.

Photo courtesy of slack12
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Written and Posted by:

Donna Bigda - REALTOR®, ABR, SRES, e-PRO

RE/MAX Alliance - Branford, CT 06405

Search Branford, East Haven, Guilford, Madison, New Haven and all
New Haven County Homes for Sale

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Branford Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Branford Homes Blog represent the opinions and ideas of the author(s). Branford Homes Blog does not express the views of RE/MAX Alliance, or those of the broker.

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Jim Crawford

Long & Foster - Fredericksburg, VA

Jim Crawford Broker Associate Fredericksburg VA

You have a lot less homes for sale there than here in Atlanta. I envy you! :)

Nov 02, 2008 01:22 PM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Donna - Great presentation which should give the consumer a good feel for the existing market.

Nov 02, 2008 01:49 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Donna as usual another great market report covering the Madison CT area. The charts are excellent.

Nov 02, 2008 02:55 PM

Elizabeth Nieves

The Elizabeth Nieves Realty Group - Durham, NC

Bilingual Raleigh - Durham North Carolina Real Estate Team

Okay girlfriend...you ROCK when it comes to these market reports. Is there anyone who does it better than you? I don't think so. I'm taking notes. GREAT STUFF! GBU!

Nov 02, 2008 03:48 PM

Fred Carver Real Estate Consulant

Retired BC Realtor - Victoria, BC

Accredited Real Estate Consultant

Hi Donna....Great Time for Home Buyers to Buy a Home in Madison, Now they have choices, many times we has Realtors we cannot find a home to meet our buyers wish list.

Look at all those home sales over a Million Dollars !

Nov 03, 2008 02:58 AM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Donna, great job with all of the market reports, but this one stands out for me because of the picture up at the top. That is a great shot.

Nov 03, 2008 03:33 AM

Jamie Dumaine-Russell

RE/MAX Alliance - Branford, CT

Jim - I really do feel your pain! I know how tough the market has been in Atlanta lately.

Nov 03, 2008 09:59 AM

Jennifer - Thanks so much for your comment. I think the more educated we can make out sellers and buyers about the existing market is absolutely critical today.

Nov 03, 2008 10:00 AM

Bill - That means a lot coming from you...thanks so much! :-)

Nov 03, 2008 10:02 AM

Elizabeth - Thank you so much girlfriend and you can take all take all the notes you like. I just love putting these reports together. GBU!

Nov 03, 2008 10:07 AM

Fred - Madison has some of the more exclusive and higher priced homes in the area especially along the waterfront. Thanks for stopping by my friend! :-)

Nov 03, 2008 10:10 AM

George - I really loved that photo too. I thought it was very unique and so impressive.

Nov 03, 2008 10:12 AM

Tamara Inzunza

Realty One Group Capital - Alexandria, VA

Close-In Alexandria and Arlington Living

Donna! I love your market reports. You're such a great example for us to follow on how ot keep consumers informed and stay at the top of their minds.

Nov 04, 2008 05:51 AM

Tamara - Thank you! The consumers of today really need to be able to find all the resources they can about the current market trends.

Nov 04, 2008 07:52 AM

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Jamie Dumaine-Russell

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