Excerpt from:  Simply Ledyard
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April 21, 2008

Ledyard and Gales Ferry Real Estate Update

Ledyard and Gales Ferry Homes for Sale, Pending and Sold

Ledyard ConnecticutThere were 3 new listings this week but with a few listings expiring, listing inventory remained stable for the second week in a row.  There are currently 19 pending sales including 2 NEW pending sales to report this week.  One year ago there were 50 pending sales, a pretty significant difference and one being experienced in towns throughout Eastern Connecticut.  For the second week in a row, there were no new closed sales to report.

The big news continues to be the number of price reductions.  There were 13 price reductions this week totaling $137,000.

So what's the good news?  Interest rates remain favorable.  My websites are getting lots of visitors and nice weather usually gets buyers out from behind their computers.

Today's Ledyard Snapshot

Number of Ledyard Homes Currently for Sale:  117
One year ago there were 104 residential listings in Ledyard.

Number of Homes Currently Pending: 19
One year ago there were 50 pending sales in Ledyard

Number of Homes Sold in 2008: 29
One year ago there were 39 closed sales in Ledyard

There were 13 Price reductions this week, totaling $137,000

The highest priced home to sell in Ledyard in 2008:  $459,997

by Linda Davis
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