Market Report May 2016 Branford, CT

 

Betsy Anderson

 

Welcome to Market Tracker, an exclusive report that informs you of residential real estate sales activity and regional trends. Please contact me if you would like more information on current market trends.

 

City: Branford, CT

Single Family, May 2016


 

Homes Sold

% Change

New Listings

% Change

Med Sold Price

% Change

Avg Sold Price

May
2016

17

13.3%

57

0.0%

$300,000

-25.0%

$307,392

May
2015

15


57


$400,000


$528,283

Year-To-Date
2016

74

2.8%

225

13.1%

$298,750

-12.8%

$351,654

Year-To-Date
2015

72


199


$342,500


$383,813

Total Homes Sold

May 2016

17

 

 13.3% (15) from May 2015

Median Sold Price

May
2016

$300,000

 

Average Sold Price

May
2016

$307,392

Total Monthly Inventory

All
Listing Types, May 2016

373
Total Units

236

Single Family Homes

105

Condos/Co-ops

10

Multi-Family Homes

22

Land/Lots

Average Days on Market

May
2016

42 Days

 

Average Price per SqFt

May
2016

$171

Year-to-Date Homes Sold

January – May 2016

74

 

 2.8% (72) from YTD 2015

New Listings

May 2016

57

 

 0.0% (57) from May 2015

Percentage of Asking Price

May 2016

98%

Monthly Supply of Inventory


Absorption Rate

Homes
for sale divided by number of homes sold

Homes Sold by Price Range


Homes Listed by Price Range


 

 

 

 

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The statistics presented in Market Tracker are compiled monthly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.