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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%:
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.