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

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

2.8% (72) from YTD 2015

New Listings

May 2016

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.