Branford Real Estate - Branford CT Homes and Market Report October 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 138 homes for sale in Branford ranging in price from $128,000 to $7,775,000.
In the month of October 2009 there were 8 homes that closed. This is an increase of two homes as there were 6 homes that closed in October 2008.
The average sales prices of the homes sold in October 2009 was $436,209 with an average 198 days on the market versus $426,875 for those sold in October 2008 with an average 132 days on the market.
The median sales price for October 2009 was $326,500.
The median sales price for October 2008 was $379,500.
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.
The following charts are an overview of the market statistics for the Branford CT real estate market between January-October 2008 and January-October 2009.
For the period of January-October 2008 there were 132 homes sold with an average sales price of $473,053 and a median sales price of $350,000.
For the period of January-October 2009 there were 114 homes sold with an average sales price of $397,187 and a median sales price of $322,500.
The average sold price to list price ratio for January-October 2008 was 94% and for January-October 2009 was 95%.
The average days on market for January-October 2008 was 110 days and for January-October 2009 it was 94 days.
In reviewing this comparison of year to year market data for Branford CT there has been a substantial decrease in the number of homes sold along with a decrease in the average sales price indicating a continued weakness in the real estate market. The average days on market for homes sold this year has declined from the previous year. There are signs however that the Branford real estate market may be beginning to stabilize with similar trends appearing in other areas along the shoreline.
The data for the Branford CT real estate market report for October 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
********************************************************************************************
Contact Donna Bigda, ABR, SRES, e-PRO, Realtor®, 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.
If you're thinking of buying a home in Branford CT see Branford CT real estate or sign up today to get access the hottest new listings here Branford CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Branford Real Estate - Branford CT Homes and Market Report October 2009*