It's been a few good years for New Haven County home owners and the market is headed off to a great start in 2020!
THE GOOD NEWS FOR NEW HAVEN COUNTY SELLERS
Year to date sales of New Haven County homes are up to their highest point in a decade in 2020:
Home sale prices in New Haven County just keep climbing! The current median sale price for the period is also at a decade high at $195,000:
THE NOT SO GOOD NEWS FOR NEW HAVEN COUNTY SELLERS
New Haven County homes are staying on market longer than previous years, and the days to sell keeps climbing. This could be just a slow start to the year, or a sign of a drop in buyer demand:
While the market in New Haven County has been improving significantly and is at a decade high, the market still has not fully recovered the last real estate bust and home sale prices are still 15% below those seen in 2006:
WHAT DOES IT ALL MEAN FOR MY NEW HAVEN COUNTY HOME SALE?
If you're waiting for the time to sell, this is certainly it! You never know what may happen next but it is definitely a sellers market right now! And while most sellers are looking at selling for a profit, many New Haven County homeowners are still in the red, without the equity to sell at a profit. We can help!
New Haven County includes Ansonia, Beacon Falls, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Meriden, Middlebury, Milford, Naugatuck, New Haven, North Branford, North Haven, Orange, Oxford, Prospect, Seymour, Southbury, Wallingford, Waterbury, West Haven, Wolcott, and Woodbridge.
Last Updated on March 10, 2020 by Minna Reid