 September arrives with 100 residential listings in Ledyard. This is pretty good news as exactly one year ago, there were 133 active listings in Ledyard. We hit the Trifecta this week with 3 new active listings, 3 pending sales and 3 closed sales.
We are ahead of 2008 closed sales so it appears that 2009 may be a better year in terms of number of sales. Average price will tell another story as the average price through July is more than 10% lower than 2008. In fact, Ledyard's average price through July is $235,910, similar to the average sale price in 2003 of $231,769. There were 6 price reductions this week totaling $55,000. Of the 100 residential listings in Ledyard, 41 of them have had price reductions. I expect that September and October will be good months. Interest rates are favorable and first time buyers are still active as they house hunt in order to meet the deadline for the $8000 tax credit. Based on current activity, we can expect about 1 in every 4 listings will sell over the next 60 days. 
Ledyard Snapshot - August 30 , 2009 Number of Ledyard Homes Currently for Sale: 100
Last week there were 101 active listings in Ledyard. Number of Ledyard Homes Currently Pending: 22 Number of Homes Sold in 2009: 95
There were 143 residential home sales in Ledyard in 2008.
There were 213 residential home sales in Ledyard in 2007.
This week’s photo was taken last year along
Route 12 at Holmberg Orchards. The highest priced home to sell in 2009: $385,000
(The highest price in 2008 was $740,000) | 
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