Home Prices in Branford CT for October 2013

By
Real Estate Agent with RE/MAX Alliance 0754296

Home Prices in Branford CT for October 2013

Real estate market data for Branford CT provided by Donna Bigda of RE/MAX Alliance.

 

Branford Home Prices

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 an informed decision when buying or selling a home in Branford.

Over the past 10 months we are seeing listing price increases on homes prices in Branford and would expect this to continue into the new year.  If you are considering buying a home you can still find deals on a house in Branford but having a good real estate agent who understands the market is a must.  

Interest rates are still low so don’t wait too long on the sidelines, many listings when priced correctly are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Branford home on which you are making an offer.

If you are interested in how much current inventory is on the market in Branford you can find that information by clicking on the link.  Currently Branford homes have an average time of 93 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home.  Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers.

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 Home Values

 Branford Real Estate Report Summary

The median sales price for Branford Homes for Sale was $453,500 in October 2013 compared to $360,000 in October 2012.

The average sales price for homes sold in Branford was $484,929 in October 2013 compared to $433,538 in October 2012. 

The average days on the market for Branford homes for sale was 98 days in October 2013 compared to 101 in October 2012. 

The number of homes closed in Branford was 14 in October 2013 which is an increase of 1 home as there were 13 homes that closed in October 2012.

For the month of October 8 homes went under contract in Branford.  The average list price of the homes that went under contract was $437,963 with an average of 38 days on the market.

Find Homes for sale in Branford CT

Visit my website to search for homes for sale in Branford or to be be notified when Branford homes come on the market.

Curious about the value of your home in Branford Connecticut?  If you are thinking about selling and want to know the value of your home you can find out at What's my Branford Connecticut Home Worth? or call us at 203-488-1641 x214 for a free on line or in home market analysis.  

The data for the Branford Connecticut real estate market report for October 2013 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes)

Originally posted at http://www.greater-new-haven-real-estate.com/home-prices-in-branford-ct-for-october-2013

 

Donna Bigda REALTOR®
RE/MAX Alliance
203-645-7467
 
 
 
 
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Copyright © 2013 by Donna Bigda, All Rights Reserved ...*Home Prices in Branford CT for October 2013*

Comments (4)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Donna all the figures are going in the right direction, lets hope that each month continues to improve.

Dec 12, 2013 10:06 AM
Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

George....I'm in agreement with that as well. 

Dec 12, 2013 10:09 AM
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Fantastic. Great numbers for your area. Best of luck with your clients here!

Dec 12, 2013 12:16 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Donna

Looks like some positive changes. We have been seeing some similar trends here, with some slowing as we are in the holiday season. Hope things continue in the right direction in Branford.

Jeff

Dec 12, 2013 02:24 PM