 Ledyard/Gales Ferry inventory dropped slightly this week to 136 active residential listings. This is primarily due to a number of listings expiring at the end of June, plus 5 pending sales to report this week! Four new listings came on the market and there were 2 closed sales reported. There were 8 price reductions this week totaling $125,000. The New London Day reported (via The Warren Report) that home prices have been dropping about 1% per month in New London County and predictions are that we still have a way to go. Despite this gloomy outlook, homes are selling if they are aggressively priced and in great condition. Average condition isn't good enough!
Today's Ledyard Snapshot: Number of Ledyard Homes Currently for Sale: 136
Last week there were 143 Active listings and one year ago there were 117 residential listings in Ledyard. Number of Ledyard Homes Currently Pending: 31
One year ago there were 37 pending sales in Ledyard. Number of Homes Sold in 2008: 52
One year ago there were 108 closed sales in Ledyard. The highest priced home to sell in Ledyard this year: $740,000 There were 8 price reductions this week totaling $125,000 Photo of the Gales Ferry One Room School House | 
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