Woodbridge CT real estate market starts off strong in 2018! - Reid Real Estate Group

Woodbridge CT real estate market starts off strong in 2018!

Woodbridge, CT has seen a lot of fluctuations in home sales prices in the last decade. After median sales prices peaked in 2007 at $525,000, the market came crashing down! The very bottom of median sales prices in Woodbridge did not arrive until 2016 with a median of $364,000 – almost 30% less than the peak of the market 9 years prior.

After the Woodbridge market started to pick up in 2017, 2018 looks to be off to a stellar start, with the current year to date median sales price in Woodbridge at $487,500:

graph of woodbridge sales prices

Keep in mind Woodbridge is a very small town with only 100-150 real estate sales all year, so this would represent a small batch of the market so far this year, and there is plenty of 2018 left! While the averages could easily change with just a few more sales, inventory throughout the state has been lacking while buyer demand has only increased – which will eventually lead to rising sales prices in most areas, including Woodbridge!

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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