I'm often asked "How's the market in Ledyard?" Well, it isn't as good as 2003 or 2004 or even 2007 but it isn't as bad as some people think. One or two houses sell each week. Prices continue to drop but not like they have in Florida, Las Vegas or Phoenix. Buyers are picky and slow to make a home buying decision because they can be. Many buyers are looking for perfect condition and a bargain. I think we still have a ways to go in price reductions. Bank Foreclosure inventory is starting to increase and there are way too many homes on the market with unrealistic prices. I never know whether it is the agent or the seller who just doesn't get it. Inventory in Ledyard dropped slightly this week to 139 active residential listings. There were only 2 new listings last week which is quite a difference from the previous week when there were 13 new listings to report! There was only 1 pending sale reported and 5 closed sales. 11 sellers reduced the price of their homes. Today's Ledyard Snapshot Number of Ledyard Homes Currently for Sale: 139
Last week there were 142 residential listings and one year ago there were 123 residential listings in Ledyard. Number of Ledyard Homes Currently Pending: 26
One year ago there were 34 pending sales in Ledyard. Number of Homes Sold in 2008: 61
One year ago there were 126 closed sales in Ledyard. The highest priced home to sell in Ledyard this year sold for $740.000 There were 11 price reductions this week totaling $149,000. | 
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