There were no pending sales in Ledyard last week. The number of homes currently listed in Ledyard that have had price reductions has reached almost 50%, as another 14 homes reported price reductions. It really is hard to find good news in those statistics. Predictions for the housing market nationwide add to the doom and gloom as the majority of economists surveyed predict a further decline in home prices.
So what’s a seller to do? Interest rates are low, houses are being shown, and some are selling, just not as many as we would all like. I know I sound like a broken record but great condition and a compelling price are important. With most buyers starting their home search online, it is also helps to have really good photos.
The chart above provided by Altos Research depicts Ledyard residential inventory.
Ledyard Real Estate - Week of July 12th
Number of Ledyard Homes Currently Pending: 27
Number of Homes Sold in 2010: 66
There were 149 residential home sales in Ledyard in 2009.
There were 143 residential home sales in Ledyard in 2008.
There were 213 residential home sales in Ledyard in 2007.
The highest priced home to sell in 2009 & 2010: $386,000
Listing and sales reported by the members of the Connecticut Multiple Listing Serve, Inc and may not represent all sales. Information deemed reliable but not guaranteed.
According to Realty Trac:Ledyard has 28 foreclosures plus 33 properties in pre-foreclosure
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