Branford Real Estate Market Report- Branford CT Homes For Sale -December 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 109 homes for sale in Branford ranging in price from $120,000 to $7,775,000.
In the month of December 2009 there were 5 homes that closed. This is a decrease of 1 home as there were 6 homes that closed in December 2008.
The average sales prices of the homes sold in December 2009 was $260,600 with an average 62 days on the market versus $337,167 for those sold in December 2008 with an average 133 days on the market.
The median sales price for December 2009 was $253,000.
The median sales price for December 2008 was $328,750.
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.
For the period of January-December 2008 there were 146 homes sold with an average list price of $499,183, average sales price of $458,509 and a median sales price of $346,250.
For the period of January-December 2009 there were 132 homes sold with an average list price of $425,331, average sales price of $397,850 and a median sales price of $332,000.
The average sold price to list price ratio for January-December 2008 was 94.30% and for January-December 2009 was 92.67%.
The average days on market for January-December 2008 was 112 days and for January-December 2009 it was 96 days.
In reviewing this comparison of year to year market data for Branford CT there has been a moderate decrease in the number of homes sold along with a decrease in the average sales price. The average days on market for homes sold this year has declined from the previous year. While the average sales price has continued to decline year over year there are signs that the Branford real estate market is beginning to stabilize with similar trends appearing in other areas along the shoreline.
The data for the Branford CT real estate market report for December 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
View previous Branford CT Real Estate 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.
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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Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford Real Estate Market Report- Branford CT Homes For Sale -December 2009*
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