Ledyard and Gales Ferry Real Estate Update

Inventory in Ledyard jumped a whopping 10% this week with 13 new listings.  There are now 122 active residential listings in Ledyard. I took a look at my report from a year ago and during this same week in 2007, we had 102 listings and an impressive 11 pending sales, many from Pfizer buyers moving into the area. This year the activity from Pfizer buyers is missing and that is becoming obvious in our statistics.

At this time last year, Ledyard had 37 pending sales and 32 closed sales.  In 2008, we have 17 pending and 25 closed sales. 

Today's Ledyard Snapshot

Number of Ledyard Homes Currently For Sale:  122
Last week there were 111 and one year ago there were 102 residential listings in Ledyard.

Number of Ledyard Homes Currently Pending:  17

Number of Homes Sold in 2008:  25
One year ago there were 37 closed sales in Ledyard.

There were 5 price reductions this week, totaling $74,000.