There were only 10 Ledyard sales reported in November as we head into a typical holiday real estate season. While buyers won't be quite as plentiful over the next 60 days, those looking to find their home for the holidays will be serious in their pursuit.
Inventory remains low with 88 active listings. Continued good news for sellers, the 223 Ledyard closed sales in 2017 have a median sold price of $227,500 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 in terms of median sales price.
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On the Market
On December 2nd, there were 88 single family homes on the market In Ledyard with a median price of $249,900. Inventory remains low and buyers don't have a big selection in certain price ranges. While there are 21 home listed under 200,000, only 15 homes are listed in the popular $250,000 - $300,000 price range throughout Ledyard.
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Current Pending Sales
On December 2nd there were 33 pending listings with a median list price of $234,900.
There were 4 pending sales but "Show for Backup" with a median list price of $264,900. 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 has remained steady over the last several months.
In 2016, there were 247 closed sales in Ledyard with a median sales price of $204,000.
2017 offers positive news with 223 closed sales to date in Ledyard with a median sales price of $227,500. The median sales price number has dropped over the past two months as more lower priced homes have become available and have been purchased but overall it is still very good housing news for Ledyard. As a good example, in November there were 10 Ledyard closed sales with a median sales price of only $197,600.
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 126 homes that have closed in the past 6 months is $225,000 which is trending down slightly from the first 6 months of the year.
The median price of the 126 homes that have sold in the past 6 months is $225,000.
Home pictured above is our new listing at 14 Sherwood Trace.