New Haven Houses for Sale and Sold Market Report December 2013
Real estate market data for New Haven CT provided by Jamie Dumaine-Russell of RE/MAX Alliance.
Understanding the general direction of the current New Haven Connecticut 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.
In the month of December 2013 there were 26 homes that closed which is an increase of 1 home as there were 25 homes that closed in December 2012.
The average sales prices of the New Haven homes sold in December 2013 was $172,731 with an average 72 days on the market versus $159,925 for those sold in December 2012 with an average 69 days on the market.
The median sales price for December 2013 was $144.750.
The median sales price for December 2012 was 139,900.
For the month of December 12 homes went under contract in New Haven. The average list price of the homes that went under contract was $212,600 with an average of 251 days on the market.
In reviewing this market data the real estate market in New Haven has remained fairly stable over the past year. A small percentage of short sales, foreclosure and bank owned sales however are still a factor that continue to contribute to the over all average sales price. If you are considering buying a home you can still find deals on a house in New Haven but having a good real estate agent who understands the market is a must.
Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.
The chart above represents an over all broad spectrum of the New Haven real estate market. If you’re considering buying or selling it’s important to understand that pricing trends can vary from neighborhood to neighborhood.
The data for the New Haven Houses For Sale and sold market report for December 2013 is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).