Ledyard Real Estate Quick Stats
Town of Ledyard Meeting Schedule

Ledyard Real Estate Update

July's real estate statistics continue to bring good news for Ledyard home sellers. Perhaps the most interesting statistic in July was the $269,900 median sales price of the 29 homes that closed during the month. Comparatively speaking, over the past several years this is a pretty positive number.

Inventory has climbed a bit to 82 active listings but this is still quite low compared to a year ago when there were 115 Ledyard homes on the market.  Even better news for sellers, the 151 closed sales in 2017 have a median sold price of $235,000 a significant increase over the median closed price in 2016 of $204,900. 

With inventory still low, I expect an excellent fall market. Traditionally September and October are good months but I expect this year we might see better than great!

On the Market

On August 6th there were 82 single family homes on the market In Ledyard with a median price of $287,639. While this is an increase over the past two months, inventory is still relatively low and buyers don't have a big selection in certain price ranges. There are only 14 homes listed under $200,000 throughout Ledyard.  

For a link to receive new listings in Ledyard or just in your neighborhood fill out this Quick Form

Current Pending Sales

There are currently 26 pending listings with a median list price of $237,250.

There are 11 pending sales but "Show for Backup" with a median list price of $219,000. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing.
This combined total of 37 pending sales is a drop from a month ago but not unusual during the summer market.

Closed Sales

In 2016, there were 247 closed sales in Ledyard  with a median sales price of $204,000. 

2017 offers positive news with 151 closed sales to date in Ledyard with a median sales price of $235,000

There were 29 Ledyard closed sales in July with a median sales price of $269,900

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 134 homes that have closed in the past 6 months is $236,500.

  

Ledyard Closed Sales 2016

 

If you would like to be individually notified by email on a monthly, weekly or daily basis as listings become available, on deposit or Sold in Ledyard or in your neighborhood, I can add you to our automatic MLS search. Simply fill out this Quick Form or reply to this email with your search criteria.

Listings and sales reported by members of the CTMLS, Inc and may not represent all sales.
Information deemed reliable but not guaranteed.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)