October 4, 2017

hamden short sales and foreclosures

Hamden, CT 2017: One in every seven home sales in Hamden is a short sale or REO sale (bank-owned foreclosure). Despite improving market conditions for Hamden homeowners, distress inventory remains a staple in the market:

Graph of hamden short sales and foreclosures

While marketing time on Hamden homes are down and prices are improving, most foreclosures and short sales today are the result of the real estate crash almost a decade ago. Recovery has been slow, leaving many homeowners owing more than their homes are worth, and without many options if they need to sell. It may still be a while before we come back full circle.

Last Updated on October 7, 2017 by Minna Reid

About the author 

Minna Reid

Minna Reid is The 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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