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Understanding the general direction of New Haven Housing Prices July 2016 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.

The Numbers Month to Month and Year to Year for New Haven Housing Prices July 2016

new haven ct real estate homes for sale and sold report july 2016The average sales price for New Haven homes sold was $266,529 in July 2016 compared to $320,211 during June 2016 and $232,930 in July 2015.  

The increase in the average sales price month over month is attributed to a number of higher end properties selling in the month of July versus last month.

The median sales price for New Haven homes sold was $187,750 in July 2016 compared to $269,900 during June 2016 and $191,000 in July 2015.

38 homes sold in New Haven during the month of July which is 5 less than the 33 that sold in May 2016 and 3 less to 41 sold in July 2015.

In the month of July, 47 new listings hit the market.  There were 37 New Haven homes that went under contract in July 2016 which represents 25.7% of the overall available inventory of 144 homes. 

See the infographic below for more data on this month’s New Haven Housing Prices July 2016 report.

New Haven Housing Prices July 2016

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 an 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 New Haven home valuation to determine what the value of your home is in today’s real estate market. 

If you are considering buying a home in New Haven, there is currently a 5-month inventory of homes to choose from. Having a good real estate agent who understands the 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 Jamie at 917-705-5675 if you’re interested in knowing what your New Haven 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 real estate needs.

The data for New Haven Housing Prices July 2016 is for the referenced month and based on statistics provided from CTMLS for single family homes. All information is deemed reliable but not guaranteed. (mobile homes & private sales are not included)

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