The first quarter of real estate activity is behind us. With 3 months of data available, our Ledyard real estate statistics now paint a truer picture of the Ledyard Real Estate Market. Active Listings in Ledyard remain at a historically low number while closed sales prices are up from 2016 when the median price of residential home sales was $204,000.
The numbers presented below have remained mostly stable during the first quarter as listings remain low and the median closed sales price stays around the $225,000 - $230,000 range.
On the Market
Inventory remains quite low (good news for sellers). On April 5th there are ONLY 64 single family homes on the market In Ledyard with a median price of $254.900.
Current Pending Sales
There are currently 27 pending listings with a median list price of $249,000.
There are currently 25 additional pending sales but "Show for Backup" with a median list price of $230,000. 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 has started off on a positive note with 49 closed sales in Ledyard with a median sales price of $229,900 There were 20 Ledyard closed sales in March. While it is useful to follow month by month, a 6 month trend is a better indicator of market conditions.
The median price of the 108 homes that have sold in the past 6 months is $216,500.
Real Estate News
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Data to Consider
This LINK will take you to 2016 New London County Market Statistics by Town, including Ledyard as prepared by the Eastern CT Association of Realtors using sales reported by the members of the Connecticut Multiple Listing Service.
Listings and sales reported by the members of the CT MLS, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.