Understanding the general direction of the current Branford housing 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.
🏡 Branford Real Estate Market Report December 2017
According to data reported by the Connecticut Multiple Listing Service (CTMLS) the average median list price of Branford houses listed during December was $376,950 a 14.42% increase from this time last year of $329,450.
The average median sold price for the month of December was $281,250 a decrease of 14.77% over last year and a 6.51% increase over last month.
CTMLS statistics shows that homes are taking a little longer time to sell once they hit the market.
In December of last year, most homes stayed on the market an average of 98 days. In December of this year, single-family homes had an average market time of 114 days.
Nineteen homes sold in Branford during the month of December which is 2 less that sold last year in December 2016.
For the month of December 2017, 12 new residential listings hit the market and 15 Branford single family homes went under contract.
📊 Year To Date Average Median Sales Price Single Family Homes
🏘️ How’s The Condo Market Doing?
Condos are selling at a slower pace year over year. This year’s average days on market for December 2017 is 124 days as compared to December 2016 of 75 days.
For the month of December the average median list price for condominiums and townhouses was $154,500 an increase of 10.36% over December 2016 of $140,000. The average median sold price for the month of December was $190,00 an increase of 52% from this time last year of $125,000.
📊 Year To Date Average Median Sales Condos and Townhouses
There can be a lot of fluctuation in what a home is listed for and what it ultimately sells for. To make sure you don’t overpay for your home, you’ll want to have a Branford real estate agent that does a thorough market analysis of the home on which you are making an offer. If you’re considering making a move now or in the near future it’s important to get a Branford home evaluation to determine what the value of your home is in today’s real estate market.
If you are considering buying a home in Branford, having a real estate agent who understands the Branford real estate market is a must. Interest rates are still low so don’t wait too on the sidelines. Many homes, when priced correctly can sell within a few days of hitting the market.
Whether you’re considering buying or selling it’s important to understand that pricing trends can vary from neighborhood to neighborhood.
Call me at (203) 645-7467 if you’re interested in knowing what your Branford home is worth in today’s real estate market or so we can discuss your housing needs. I look forward to talking to you and assisting with your Branford real estate needs.
The data for Branford Real Estate Market Report December 2017 is for the referenced month and based on statistics provided from CTMLS for condos and single family homes. All information is deemed reliable but not guaranteed. (mobile homes & private sales are not included)
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