May 8, 2019

cart carrying foreclosed homes and short sale homes

Hamden, CT Distress Market Report 2019

Despite several years of gains in the marketplace, Hamden year to date home sales show a massive increase in the rates of foreclosed homes and short sales. After dropping down to an 8 year low of 14% of all homes sold, The current rate of distress sales is currently at 21%:

graph of hamden distress sales

Even in today's improving market, one in every five sales in West Haven is still a foreclosure or short sale. Recovery in Hamden has been unpredictable and 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.

Last Updated on May 8, 2019 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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