May I repeat? Ledyard is in a seller's market! Home prices are up, inventory is down and although interest rates are not quite as low as they once were, by historical standards today's mortgage rates are still very low.
The 119 closed sales in Ledyard in 2017 have a median sold price of $227,850 quite an increase over the median closed price of $204,000 in 2016.
July and August are typically slow months as home buyers are occupied with vacations and school preparation but this year may be an exception. Time will tell.
If you would like to be notified by email as listings become available, go under deposit or sell in your neighborhood, we would be happy to add you to our automatic MLS search. Just send me an email and I will set it up. It is quick and easy.
On the Market
Inventory has increased from a month ago but there is still a shortage of listings for the amount of buyers in the market. There are currently 77 single family homes listed In Ledyard with a median price of $269,000. One year ago there were 113 homes on the market averaging $260,000.
Current Pending Sales
There are currently 28 pending listings with a median list price of $269,900.
There are 26 pending listings but "Show for Backup" with a median list price of $239,950.
Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing.
In 2016, there were 247 closed sales in Ledyard with a median sales price of $204,000. 2017 offers positive news with 119 closed sales to date in Ledyard with a median sales price of $227,850. There were 31 Ledyard closed sales in June.
The median price of the 119 homes that have sold in the past 6 months is $227,850.
Listings and sales reported by the members of the CTMLS, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.