Milford Connecticut Real Estate Market Report for August 2008

There are currently 305 Active listings in Milford CT as of 9/14/08

In August of 2008 there were 41 homes that closed within the month for Milford CT This is a decrease of 12 units as there were 53 homes that closed in August of 2007.

The Average list price for the homes that closed in Milford for August of 2008 was $400,033

The Average list price for the homes that closed in Milford for August of 2007 was $439,790

The Average sale price for the homes that closed in Milford for August of 2008 was $377,704

The Average sale price for the homes that closed in Milford for August of 2007 was $420,640

The Average Market time for the homes that closed in Milford August of 2008 was 69days.

The Average Market time for the homes that closed in Milford August of 2007 was 55 days.

The average square foot for homes that closed in Milford for August of 2008 was 1,836 and the average sold price per square foot was $203.46.

The average square foot for homes that closed in Milford for August June of 2007 was 1673 and the average sold price per square foot was $260.11.

17 homes went under deposit in Milford CT in the month of August. The average list price of the homes that went under deposit was $455,394. The average time on the market for these Milford CT homes were 105 days.

January – April Market Statistics for Milford CT

In Milford CT for the period of January to August of 2008 there were 236 properties sold.

In Milford CT for the period of January to August 2007 there were 214 properties sold.

In Milford CT for the period of January to August in 2008 the average list price was $374,582 the average sale price was $357,558 and the average market time was 84 days and the average sold price per square foot was $210.86.

In Milford CT for the period of January to August in 2007 the average list price was $452,283 the average sale price was $433,576 and the average time on the market was 69 days and the average sold price per square foot was $244.07.

** The above statistics are for single family homes only and do not include condo’s or Multi-family homes in Milford CT.This represents a 17.5% decrease in the average sale price between 2007 and 2008

 

Leave a Reply