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

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Real Estate Agent with RE/MAX Alliance 0754296

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 121 homes for sale in Branford ranging in price from $158,500 to $7,775,000. 

In the month of May 2009 there were eleven homes that closed.  This is an increase of one unit as there were 10 homes that closed in May 2008.  

The average sales prices of the homes sold in May 2009 was $408,218 with an average 60 days on the market versus $716,219 for those sold in May 2008 with an average 109 days on the market. 

The median sales price for May 2009 was $340,000.

The median sales price for May 2008 was $426,250.

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.

Branford CT Real Estate Market Report - May 2009

The following charts are an overview of the market statistics in Branford CT between January-May 2008 and January-May 2009.

Branford CT Real Estate Market Report - May 2009

For the period of January-May 2008 there were 54 homes sold with an average sales price of $480,029 and a median sales price of $336,500.

For the period of January-May 2009 there were 44 homes sold with an average sales price of $385,407 and a median sales price of $364,700.

Branford CT Real Estate Market Report - May 2009

The average sold price to list price ratio for January-May 2008 was 94% and for January-May 2009 was 92%.

Branford CT Real Estate Market Report - May 2009

The average days on market for January-May 2008 was 118 days and for January-May 2009 it was 83 days.

In reviewing this comparison of year to year market data for Branford CT there has been a decrease in the number of homes sold along with a decrease in the average sales price indicating a continued weakness in the real estate market.  The average days on market for homes sold this year has declined from the previous year.

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

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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.

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.

If you're thinking of buying home in Branford CT 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 May 2009*

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Rainmaker
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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Donna your marketing reports just keep getting better and better. I love all the graphs - nice job!

Jun 01, 2009 02:38 PM #1
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Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Very nicely done Donna ! This is great info for your local readers :o)

Jun 01, 2009 02:49 PM #2
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Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Bill - Thanks so much!  While it takes a bit more time to put these reports together when I do the graphs, I do love the way they look when they're done.

Jun 01, 2009 02:50 PM #3
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Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Sheldon -  These reports have also has been a great source of information for out of area buyers who are considering the Branford area too. :)

Jun 01, 2009 02:54 PM #4
Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Donna -- it looks like things are getting better!  That is great news.

Jun 01, 2009 02:57 PM #5
Rainmaker
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Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Hi Donna;

Congratulations on the positive movements in your market area.

Jun 01, 2009 03:01 PM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Donna that is a lot of data to absorb.  This blog must have take you hours to put together.

Jun 01, 2009 03:12 PM #7
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Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

... silly me ! - Of course they are great too for 'would be Branford residents' !!!! Good point :o)

Jun 01, 2009 03:41 PM #8
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