Milford,CT Real Estate Report for September 2008

Listed below is a summary of home sales activity for September 2008

MILFORD

September 2007 versus September 2008

The highest listing in Milford in September 2008 was 76 Point Lookout - a 7000 sq.ft. Colonial built in 2008 with 13 Rooms, 5 Bedrooms and 5.1 Baths. This home is located in prime area with water views . 

The highest priced home sold in September was 98 Old Field which was listed in February 2008 for $1,275,000 ,repositioned on May 30th to $1,199,900; on deposit on July 26^th and closed for $1,115,000 on September 17^th bringing its total Days on Market to 159.

DOM (Days on Market) has seen a slight increase- from an average of 77 Days in September 2007 to an average of 78 days in 2008.   

The Average Sale Price in September 2008 has come down approximately< 1%from this time last year while the number of homes has seen a slight increase.

The Average Listing Price in May 2008 has come down approximately 7.2% since this time last year.

According to THE COMMERCIAL RECORD: Milford has seen a 32.79 %drop in the number of sales but no change in the Median Sales Price as compared to 2007

There is currently 6 months of inventory on the market based on the current absorption rate

Milford, Connecticut home sales remaining steady due in part to the wide range of homes and  their affordability.

 Milford, CT offers a wide range of homes both in price and style making it a very desirable area due to proximity to the shoreline and a variety of commuter options.   

*This information was based on data obtained from CTMLS.