New Haven Homes For Sale - New Haven CT Real Estate Market Report October 2009
Understanding the general direction of the current New Haven 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 New Haven.
There are currently 178 homes for sale in New Haven ranging in price from $29,900 to $1,000,000.
In the month of October 2009 there were 34 homes that closed which is an increase of 16 home as there were 18 homes that closed in October 2008.
The average sales prices of the homes sold in October 2009 was $174,534 with an average 108 days on the market versus $174,050 for those sold in October 2008 with an average 68 days on the market..
Below is a summary of the New Haven CT real estate market that provides a more in depth view of market conditions over the past twelve months.
For the period of January-October 2008 there were 268 homes sold with an average list price of $259,615, an average sales price of $247,055 and a median sales price of $208,500.
For the period of January-October 2009 there were 290 homes sold with an average list price of $214,652, an average sales price of $204,187 and a median sales price of $176,000.
The average sale price to list price ratio for January-October 2008 was 95.04% and for January-October 2009 was 93.78%.
The average days on market for January-October 2008 was 83 days and for January-October 2009 it was 86 days.
In reviewing this comparison of year to year market data for New Haven CT there has been a signifcant inrease in the number of homes sold and the average sales price is still trending down. Short sales, foreclosure and bank owned sales have been a contributing factor in the continuing decline in the overall average sales price. We are however now seeing a positive trend in the reduction of the months supply of inventory which is sign that the market is beginning to stabilize. The average days on market for homes sold this year has seen a slight increase from the previous year.
The data for the New Haven 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).
Click here for previous New Haven Connecticut 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 New Haven 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 New Haven CT see New Haven CT real estate or sign up today to get access the hottest new listings here New Haven CT homes and condos.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*New Haven Homes For Sale - New Haven CT Real Estate Market Report October 2009*