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Understanding the general direction of the current Branford 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.

The Numbers Month to Month & Year to Year for Branford Housing Prices December 2016

Branford Housing Prices December 2016

According to data reported by the Connecticut Multiple Listing Service (CTMLS) the average median list price of Branford houses listed during December was $339,900 a 5.6% decrease from this time last year of $360,000.  

One thing to highlight in this report is the average median sold price for the month of December was $327,50 an increase of 4% over last year of $315,000.

CTMLS statistics shows that homes are selling faster once they hit the market.

In December of last year, most homes stayed on the market an average of 112 days. In December of this year, single-family homes had an average market time of 94 days.

Twenty homes sold in Branford during December which is three more that sold in November 2016 and four more than in December 2015.

In the month of December, 20 new residential listings hit the market.  There were 21 Branford homes that went under contract in December 2016 which represents 18% of the overall available inventory of 117 homes. 

Condos are selling at a little slower rate year over year. This year’s average market time for the month of December is 79 days. This is an increase of 64.6% from last year’s 48 days on the market.

Housing Prices

In December the average median list price for condominiums and townhouses was $140,000 a decrease of 31.6% over December 2015 of $204,700. The average median sold price for the month of December was $135,000 an increase of 8.5% from this time last year. 

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 917-705-5675 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 Housing Prices December 2016 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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