Understanding the general direction of the current East 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 East Haven.
There are currently 129 homes for sale in East Haven ranging in price from $99,000 to 1,089.00.
In the month of June 2009 there were 17 homes that closed. This is a decrease of 9 homes as there were 26 homes that closed in June 2008.
The average sales prices of the homes sold in June 2009 was $200,938 with an average 110 days on the market versus $225,565 for those sold in June 2008 with an average 80 days on the market.
The median sales price for June 2009 was $188,000.
The median sales price for June 2008 was $205,500.
Below is a summary of the East 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-June 2008 there were 94 homes sold with an average sales price of $228,995 and a median sales price of $222,000.
For the period of January-May 2009 there were 91 homes sold with an average sales price of $191,480 and a median sales price of $185,000.
The average sold price to list price ratio for January-June 2008 was 96.01% and for January-June 2009 was 94.30%.
The average days on market for January-June 2008 was 89 days and for January-June 2009 it was 91 days.
In reviewing this comparison of year to year market data for East Haven CT there has been an slight decrease in the number of homes sold. There has been a considerable 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 seen a slight increase from the previous year.
The data for the East Haven CT real estate market report for June 2009 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).
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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.
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Copyright © 2009 by Donna Bigda, All Rights Reserved ...*East Haven CT Real Estate Market Report June 2009*