I'm often asked how we determine "absorption rate". Absorption rate is an estimate of how fast listings are currently selling measured in months. For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of inventory before counting the additional properties that will come on the market. 6 months inventory is considered a "balanced" market.
Currently in Ledyard, there is an average of a 13 month supply of inventory. The $350,000 - $400,000 supply of inventory is the highest at 20 months. Only 3 homes have sold in that price range in the past 6 months.
Below you will find a link to Ledyard Real Estate statistics provided by Real Market Reports. This report includes all Ledyard Home Sales as reported to the Connecticut Multiple Listing Service during the past 6 months.
Link to Ledyard Real Estate Statistics
On January 23rd, Ledyard Real Market Reports show a total of 49 contracts have closed in the last 6 months with an average sold price of $222,386 and average days on market of 102. The average list price (asking price) of homes currently on the market is $260,687.
The $150,000 - $200,000 price range contains the highest # of sold listings. A total of 75 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 19 properties. Listings may expire for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time.
Number of Homes Sold in 2012 - 4
127 residential homes sold in Ledyard in 2011
139 residential homes sold in Ledyard in 2010.
149 residential homes sold in Ledyard in 2009.
143 residential homes sold in Ledyard in 2008.
213 residential homes sold in Ledyard in 2007.
The highest priced home to sell in 2011: $480,000
There were 6 new listings, 2 pending sales and 3 closed sales reported in the past 7 days.
Photo of my listing at 54 Seabury Avenue
Listings and sales reported by the members of the CT Multiple Listing Service, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.