market statistics home sales se connecticut: Market Statistics for SE Connecticut Through Oct 2008
- 11/12/08 06:15 AM
Fewer home sales (closings) and a longer absorption rate (number of months to sell existing inventory) are the two statistics that show the largest decrease through October comparing 2007 and 2008. We compared MLS data from 22 towns along the shoreline from Branford to New London and discovered that PRICES (median price) only decreased 2.7 % (from $380,842 to $370,644). A summary of statistics through October 2008 for 22 Shoreline towns (from Branford to New London) are shown below: Looking at closings at various price levels, we find that home sales (closings) had the largest decreases in the higher price ranges … (2 comments)
Fewer home sales (closings) and a longer absorption rate (number of months to sell existing inventory) are the two statistics that show the largest decrease through October comparing 2007 and 2008. We compared MLS data from 22 towns along the shoreline from Branford to New London and discovered that PRICES (median price) only decreased 2.7 % (from $380,842 to $370,644).
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