Showing Activity is brisk but only under $200,000

In 2004, if buyers called the office looking for a home listed under $200,000, we let them know it was going to be very difficult to find something priced that low.  Four years later, Eastern Connecticut offers a large inventory in that price range and bank foreclosures keep adding to that list.  In Ledyard, there are currently 19 homes listed under $200,000

There were lots of showings in the under $200,000 range this week but there were no pending sales reported.   Four new listings were entered into the MLS this week as overall inventory inched up to 141 active listings.

There are 2 closed home sales to report for the week.  Ironically one of the lowest priced homes and one of the highest priced homes in Ledyard were reported closed.  

There were 5 price reductions this week totaling $50,000

As I mentioned in the report last weekend, August is traditionally slow so the activity (or lack of it) is not unusual.

Today's Ledyard Snapshot:

Number of Ledyard Homes Currently for Sale: 141

(Last week there were 138 active listings and one year ago
there were 127 residential listings in Ledyard.)

Number of Ledyard Homes Currently Pending:  16
(One year ago there were 24 pending sales in Ledyard.)

        Number of Homes Sold in 2008: 80 
(One year ago there were 146 closed sales in Ledyard.)

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

         There were 5 price reductions this week totaling $50,000

Photo taken on Shewville Road in Ledyard.

All information obtained from CTMLS and may not reflect all Ledyard sales.