After years of gains, Milford CT home sale prices drop in 2019… - Reid Real Estate Group

After years of gains, Milford CT home sale prices drop in 2019…

Milford home sales prices have been rising consistently for a few years now, but 2019 is off to a different start!

For the first time in 3 years both January and February median home sale prices in Milford have dropped over the prior year: 

graph milford median price

While the change is not too significant, with prices down roughly 1% from the year prior, this is an unexpected change from the significant growth in Milford home values of the past few years. 

The year has only just begun, and we are just entering the busiest season of the year now, so the course of 2019 pricing could certainly still take on a new direction. 

TIME WILL TELL!

Minna Reid

Minna Reid is Broker/Owner of Reid Real Estate Group. Reid Real Estate Group is a full service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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