Greater New Haven CT Real Estate: Connecticut: Milford

Milford CT Homes - Milford Real Estate Market Report December 2009

Milford CT Homes - Milford Real Estate Market Report December 2009

Understanding the general direction of the current Milford 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 Milford CT.

There are currently 191 Milford CT homes for sale ranging in price from $125,000 to $2,650,000. In the month of December 2009 there were 38 homes that closed which is an increase of 9 home as there were 29 Milford CT homes that closed in December 2008.

The average sales prices of Milford CT homes sold in December 2009 was $354,820 with an average 94 days on the market versus $511,690 for those sold in December 2008 with an average 95 days on the market.

The median sales price for Decemmber 2009 was $305,000.

The median sales price for December 2008 was $289,500.

Below is a summary of the Milford real estate market that provides a more in depth view of market conditions over the past twelve months.

Milford CT Real Estate Market Reprot

For the period of January-December 2008 there were 373 Milford CT homes sold withan average list price of $395,726, an average sales price of $374,600 and a median sales price of 325,000.

For the period of January-December 2009 there were 365 Milford CT homes sold with an average list price of $333,639, an average sales price of $316,055 and a median sales price of $275,000.

The average sale price to list price ratio for January-December 2008 was 94.85% and for January-December 2009 was 94.98%.

The average days on market for January-December 2008 was 85 days and for January-December 2009 it was 84 days.

In reviewing this comparison of year to year market data for Milford real estate there has been a decrease in the number of homes sold. While there has been a considerable decrease in the average sales price the months supply of inventory is going down indicating signs of some stability in the Milford real estate market. The average days on market for homes sold this year is relatively flat from the previous year.

The data for the December 2009 real estate market report for Milford CT homes is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes). ****************************************************************************************

Contact Donna Bigda, 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, Milford, West Haven, New Haven, North Branford, Hamden, North Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Milford CT 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 Milford see Milford CT real estate or sign up today to get access the hottest new listings here Milford CT Homes.

Copyright © 2010 by Donna Bigda, All Rights Reserved ...*Milford CT Homes - Milford Real Estate Market Report December 2009*

3 commentsDonna Bigda • February 26 2010 10:04AM
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