🏡 Branford Real Estate Market Report February 2019
According to data reported by the Connecticut Multiple Listing Service (CTMLS) the average median list price of Branford houses listed during February was $378,700 a .33% increase from this time last year of $377,450.
The average median sold price for the month of February was $330,500 an increase of 5.42% over last year’s 313,500 and a 3.88% decrease over last month’s $343,850.
CTMLS statistics shows that homes are taking a little longer time to sell once they hit the market.
In February of last year, homes stayed on the market an average of 89 days. In February of this year, single-family homes had an average market time of 150 days.
Twelve homes sold in Branford during the month of February which is 2 less that sold last year in February 2018.
For the month of February 2019, 24 new residential listings hit the market and 12 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 also selling at a slower pace year over year. This year’s average days on market for February 2019 is 71 days as compared to February 2018 of 55 days.
For the month of February the average median list price for condominiums and townhouses was $165,000 a decrease of 10.81% over February 2018 of $185,000. The average median sold price for the month of February was $157,950 an increase of 7.16% from this time last year of $147,400.
📊 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 Jamie 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 Real Estate Market Report February 2019 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)