Gap between listing and selling prices in Hamden closing fast - Reid Real Estate Group

Gap between listing and selling prices in Hamden closing fast as supply falls below demand!

Hamden CT: 2017 closed with single family sales prices up to a 3 year high, and with the gap between listing and closing prices dropping to a 3 year low. Homes in Hamden are selling for more and sellers are taking the lead in negotiations:

hamden market stats

With buyer demand increasing for several years as inventory dwindled, we are finally seeing the result: Buyers have less room to negotiate than they did in prior years and are forced to pay more to get the homes they want. This type of market last peaked in 2008 with sellers averaging a tad more than asking prices as a whole. As you can see we are still far from 2008 values or demand, but the status quo is certainly a welcome change for Hamden homeowners who have watched their values fall for many years.

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.

Click Here to Leave a Comment Below

Leave a Reply: