Excerpt from:  Simply Ledyard
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July 13, 2008

Ledyard and Gales Ferry Weekly Update

Ledyard and Gales Ferry Homes for Sale, Pending and Sold

Reuven Drive in Ledyard CTInventory rose sharply this week to 142 active residential listings. There were 13 new listings to report this week.  It appears that Pfizer layoffs may be contributing to the increase of residential listings. There were only 2 pending sales to report and only 2 closed home sales.  Those price reductions keep on coming; there were 11 price reductions this week totaling $144,000.

New London County Second Quarter statistics have been released by the Eastern CT Association of Realtors©. The number of sales of single family homes in New London County is down 37.45% from the second quarter of last year.  In addition, the average price is down 16.18% while the median price is down 11.69%.

Today's Ledyard Snapshot

Number of Ledyard Homes Currently for Sale:  142
Last week there were 136 active listings and one year ago there were 122 residential listings in Ledyard.

Number of Ledyard Homes Currently Pending:  31
One year ago there were 39 pending sales in Ledyard.

Number of Homes Sold in 2008:  55
One year ago there were 111 closed sales in Ledyard.

The highest priced home to sell in Ledyard in 2008:  $740,000

There were 11 price reductions this week totaling $144,000

This week's photo was taken on Reuven Drive in Ledyard.

by Linda Davis
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