Branford Homes for Sale and Sold Market Report November 2013
Real estate market data for Branford CT provided by Donna Bigda of RE/MAX Alliance.
Understanding the general direction of the current Branford Connecticut 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 New Haven.
There are currently 148 homes for sale in Branford ranging in price from $69,900 for a 2 bedroom ranch near the beach to $6,500,000 for an exquisite 10 room, 4 bedroom Victorian overlooking the Thimble Islands. This includes properties that are under contract subject to conditions being met.
In the month of November 2013 there were 14 homes that closed which is equal the number of homes that closed in November 2012.
The average sales prices of the Branford homes sold in November 2013 was $320,093 with an average 142 days on the market versus $325,766 for those sold in November 2012 with an average 67 days on the market.
The median sales price for November 2013 was $275,000.
The median sales price for November 2012 was 291,491.
For the month of November 9 homes went under contract in Branford. The average list price of the homes that went under contract was $399,167 with an average of 167 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.
In reviewing this market data the real estate market in Branford has remained fairly stable over the past year and sales prices are starting to increase. Over the past 11 months we are seeing a trend of listing price increases on home 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 above listings are not exactly selling 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.
The chart above represents an overall broad spectrum of the Branford real estate market. If you're considering buying or selling it's important to understand that pricing trends can vary from neighborhood to neighborhood.
The data for the Branford Homes For Sale and sold market report November 2013 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).