West Haven, CT Real Estate Market Report: Like much of the state, West Haven has enjoyed rising home values for the last few years in a row. 2019 is starting off strong, but surprisingly sales of foreclosed homes rose sharply with the start of the new year!
West Haven median home sales prices are off to a good start, at a 5 year high of $195,000:
Surprisingly, the rate of distress sales also sharply climbed so far in 2019, with short sales remaining at 2% of all sold homes, but foreclosures jumping to 24%:
Even in today's improving market, one in every four home sales in West Haven is still a foreclosure or short sale.
Recovery in West Haven has been very slow, still leaving many with negative equity. There are options for those who need to sell, but still owe more than their homes are worth.