Activity was solid in September with 17 new sales. Although Inventory is higher than a month ago with 87 active listings, it is still quite low compared to a year ago when there were over 100 Ledyard homes on the market. Continued good news for sellers, the 189 Ledyard 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. 2017 is on track to be a stellar year for Ledyard Real Estate.
With inventory still low, I expect October and the first week or two in November to be good sales months before things slow down for the holidays. While the market will be quieter, serious buyers will still be looking.
On the Market
On October 2nd, there were 87 single family homes on the market In Ledyard with a median price of $269,900. Inventory remains low and buyers don't have a big selection in certain price ranges. There are only 8 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
On October 2nd there were 27 pending listings with a median list price of $199,900.
There were 8 pending sales but "Show for Backup" with a median list price of $197,450. Homes are often listed as "Show for Backup" when there may be a concern about contract contingencies including financing.
This combined total of 35 pending sales remains identical from a month ago.
In 2016, there were 247 closed sales in Ledyard with a median sales price of $204,000.
2017 offers positive news with 189 closed sales to date in Ledyard with a median sales price of $235,000.
There were 19 Ledyard closed sales in September with a median sales price of $248,000.
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 139 homes that have closed in the past 6 months is $238,000, a really good indicator of rising prices.
The median price of the 139 homes that have sold in the past 6 months is $238,000.