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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:
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.