I did a little quick research this week to determine which months have the most closings and which have the least . Since closings happen about 45-60 days after a contract, it probably doesn’t surprise you that the months with the fewest closings are January and February. Buyers don’t do much shopping over the holidays, at least not for housing. The spring market contributes to the high number of closings in June and July. August is also always a good closing month as buyers like to get settled in prior to the start of school.
Once Labor Day is passed, buyers will want to close before the holidays arrive so September and October are the next best chance for sellers to get their homes sold.
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 August 12th, Ledyard Real Market Reports show a total of 88 contracts have closed in the last 6 months with an average sold price of $225,791and average days on market of 106. The average list price (asking price) of homes currently on the market is $269,139
The $150,000 - $200,000 price range contains the highest # of sold listings during the past 6 months. A total of 45 listings have expired in that same time period. The $250,000 - $300,000 price range has the highest number of expired listings at 13 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.
Ledyard Snapshot
Number of Homes Sold in 2012 - 102
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 2012: $395,000
There were 4 new listings, 5 pending sales and 2 closed sales reported in the past 7 days.
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.
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