Branford CT Real Estate - Branford CT Market Report for February 2009

Understanding the general direction of the current Branford 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 Branford.

There are currently 104 homes for sale in Branford ranging in price from $167,500 to $7,775,000. 

In the month of February 2009 there were six homes that closed which is a decrease of three homes as there were nine homes that closed in February 2008.  

The average sales prices of the homes sold in February 2009 was $438,000 versus $490,666 for those sold in February 2008. 

Median sales price for February 2009 was $373,000 with an average 121 days on the market.

Median sales price for February 2008 was $330,000 with av average 98 days on the market.

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

The following charts are an overview of the market statistics in Branford CT between January -December 2007 and January -Decmeber 2008.

For the period of January - December 2007 there were 167 homes sold with an average sales price of $561,478, a median sales price of $387,500 and an average days on market of 90 days.

For the period of January - Decmeber 2008 there were 145 home sold with an average sales price of $457,782, a median sales price of $345,000 and an average days on market of 104 days.

The average list to sale price ratio for January - December 2007 was 95% and for January - December 2008 was 94%.

The average days on market for January -December 2007 was 90 days and for January - December 2008 it was 104 days.

In reviewing this comparison of year to year market data, there has been a decrease in the average sales price and average median sales price indicating a continued weakness in the real estate market.   The number of homes sold went down considerably year over year while the average days on market has been rising.  The average list price to sales price year to year has remained relatively flat.

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

Homes For Sale in Branford CT by Price Range

$10,000 to $250,000

250,000 to $500,000

$500,000 to $750,000

$7500,000 to $1,000,000

$1,000,000+

If you're considering selling your 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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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, New Haven and the rest of shoreline area in New Haven County Connecticut.

If you're thinking about buying a  home in Branford CT there are plenty of great buys in today's market and now is one of the best times to buy while interest rates remain low. For more information on Branford CT  real estate homes or condos, see Branford CT  real estate or sign up today to get access the hottest new listings here Branford CT homes and condos. 

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford CT Real Estate - Branford CT Market Report for February 2009*