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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:
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.