Ledyard and the rest of New London County have experienced a 10 year buyers market. Things may be about to change as inventory in Ledyard throughout 2017 maintained record lows and interest rates remained favorable. Home values in Ledyard increased 10% over 2016 while New London County saw a 5.39% increase. Continuing the trend of 2016, the number of home sales reached 242, a level not seen since 2005. While I am not ready to call it a seller’s market just yet, things look promising for 2018.
In other data:
- There were 14 condominium sales with a median sales price of $84,000.
- Two home sales topped $500,000 while 4 others reached the $400,000 mark.
- Only 3 building lots were reported as sold in Ledyard with a median sale price of $30,000.
- More homes closed in July (30) than any other month. The fewest homes closed in November (11).
Today’s Market News
As of today, there are 72 active residential listings on the market with a median list price of $234,450. There are 21 pending listings with a median price of $213,900 and 10 closed sales with a median sale price of $252,500.
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