Eastern Connecticut Real Estate Snapshot

Who can figure?  While the number of home sales in the area declined, prices have actually increased in New London County during the first half of the year.  That's the report of the Warren Group, publisher of The Commerical Record.  The bad news? I don't believe the trend will continue since sales appear to have slowed since June.  Overall listing inventory has remained steady in most towns in the region. New London and Stonington seem most out of balance when comparing current inventory with closed sales for the year.  

The following is a list by town of  the current number of residential active listings and 2007 sold listings.*

Town	Active Listings	SOLD
Ledyard	124	146
Groton	208	174
Stonington	209	127
N.Stonington	51	34
East Lyme	154	154
Waterford	137	137
NewLondon	146	80
Montville	121	138
Norwich	210	142
Griswold	74	71
Preston	38	33

*As Reported by members of the Connecticut Multiple Listing Service and do not represent all sales.  Information deemed reliable but not guaranteed.