New Haven Houses for Sale and Sold Market Report December 2013

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Real Estate Agent with RE/MAX Alliance 0754296

New Haven Houses for Sale and Sold Market Report December 2013

 

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

 

New Haven houses for saleUnderstanding the general direction of the current New Haven 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 149 houses for sale in New Haven ranging in price from $39,900 for a bank owned 3 bedroom Colonial to $1.150,000 for a 14 room, 6 bedroom Colonial in neighborhood of East Rock.

In the month of December 2013 there were 26 homes that closed which is an increase of 1 home as there were 25 homes that closed in December 2012.

The average sales prices of the New Haven homes sold in December 2013 was $172,731 with an average 72 days on the market versus $159,925 for those sold in December 2012 with an average 69 days on the market.

The median sales price for December 2013 was $144.750.

The  median sales price for December 2012 was 139,900.

For the month of December 12 homes went under contract in New Haven.  The average list price of the homes that went under contract was $212,600 with an average of 251 days on the market.

New Haven houses for sale

In reviewing this market data the real estate market in New Haven has remained fairly stable over the past year.  A small percentage of short sales, foreclosure and bank owned sales however are still a factor that continue to contribute to the over all average sales price.  If you are considering buying a home you can still find deals on a house in New Haven 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.

The chart above represents an over all broad spectrum of the New Haven 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 New Haven Houses For Sale and sold market report for December 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/new-haven-houses-sale-sold-market-report-december-2013/

 

Donna Bigda REALTOR®
RE/MAX Alliance 203-645-7467
 
 
 
 
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Copyright © 2014 by Donna Bigda, All Rights Reserved ...*New Haven Houses for Sale and Sold Market Report December 2013*

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Donna all the numbers seem to have improved over 2012 except for the days on the market.  Why do you think they almost doubled?

Jan 29, 2014 07:59 AM #1
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Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

George - Thanks so much for noticing the DOM.  I went back and checked my notes and realized I had the wrong numbers. 

Jan 29, 2014 08:24 AM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
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Donna, this is very informative and easy to understand. Those are great numbers. I hope this continues throughout the upcoming months. Stay the best!
Jan 30, 2014 01:00 PM #3
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Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

The New Haven market is in capable hands with you Donna! Great market report showing the latest stats.

Feb 02, 2014 04:18 AM #4
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