New Haven CT home sales prices down in 2018… - Reid Real Estate Group

New Haven CT home sales prices down in 2018…

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New Haven, CT home owners have certainly seen better days. While most areas of Connecticut have seen sales prices finally head up in recent years, New Haven real estate prices are still struggling.

The start of 2018 finds median sales prices of New Haven single family homes currently at a decade low of $149,650:

New Haven Sales Prices 2018 graph

The decade high median sales price in  2008 was $197,450. Prices then fell for the several years, appearing to bottom out in 2012 at $149,900.  Unfortunately after a few years of gains, single family home sales prices have taken a turn downward since 2016 and 2018 is certainly not starting off much better. 

The good news is that since it is only March,  there is still plenty of time for the years low values to average out by the end of the year. And there are always options for those who need to sell, but lack the equity to do so.

Minna Reid

Minna Reid is 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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