How is the real estate market in Ledyard? The median sold price of the 145 residential homes that have closed this year is $215,000. The median sold price of all residential homes sold in 2013 was $215,000. The real estate market in Ledyard is FLAT. For those who purchased a home since 2005, the news is not good as you can see in the History of Ledyard Home Sales chart below. If there is any good news to report, it is in the numbers for the past 6 months, where closed prices have shown an increase.
LEDYARD REAL ESTATE SCOOP: There were 29 homes listed, 11 pending sales and 17 closed sales reported during the month of September. A total of 145 homes have closed in Ledyard to date in 2014. Inventory remains high for this time of year at 141 active residential listings with an average listed price of $254,691.
The average list price (asking price) of the 141 homes currently on the market is $254,691 There are currently 33 homes pending with an average list price of $226,794. There are an additional 14 homes listed as pending -"show for backup" with an average listed price of $206,944.
There were 29 new listings, 14 pending sales and 17 closed sales reported during
the month of September.
History of Ledyard Home Sales
145 residential homes have sold to date in 2014.
The highest priced residential home to sell since 2012 is $465,000
Ledyard Real Estate Statistics - Last 6 Months
On October 12th, the Connecticut Multiple Listing Service shows a total of 91 contracts have closed in the last 6 months with an average sold price of $226,402 (Median of $227,000).
A total of 45 listings have expired in that same time period. 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.
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.
About the author: Linda Davis has been a licensed real estate agent in Ledyard CT for over 35 years. She has a long history of community service and currently serves as Chairman/Deputy Mayor of the Ledyard Town Council. Linda can help with homes for sale in Ledyard as well as homes for sale in Eastern CT including, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.