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        <Description>&lt;p align="center"&gt;&lt;strong&gt;What's up and What's down?&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;The MLS statistics are now available for 2007.&amp;nbsp; In Ledyard, the number of &lt;strong&gt;residential single family home sales was up by 11% and the average price was up by 2%.&amp;nbsp;&lt;/strong&gt; I'm still analyzing the big picture of New London County but I'll be reporting here soon along with more details of the Ledyard statistics.&lt;/p&gt;&lt;p align="left"&gt;As far as last week, listing inventory continues to increase as we find ourselves with &lt;strong&gt;91 active listings, up from 79 two weeks ago.&lt;/strong&gt;&amp;nbsp; The most disappointing news is that there is only &lt;strong&gt;1 pending sale to report.&lt;/strong&gt;&amp;nbsp; This follows a week where there were no pending sales.&amp;nbsp; &lt;strong&gt;Pending inventory in Ledyard stands at 12 &lt;/strong&gt;which is a pretty low number.&lt;/p&gt;&lt;p align="left"&gt;There were &lt;strong&gt;5 price reductions since my last report.&amp;nbsp; 4 homes closed last week.&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;Ledyard snapshot:&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;Number of Ledyard Homes for Sale:&amp;nbsp; 91 &lt;/strong&gt;(Last week 85)&amp;nbsp; One year ago there were 106 residential listings in Ledyard.&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;Number of home with price reductions this week:&amp;nbsp; 5&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;Number of Ledyard Homes Currently Pending: 12&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;Number of Homes Sold in 2008:&amp;nbsp; 7&lt;/strong&gt;&lt;/p&gt;&lt;p align="left"&gt;&lt;strong&gt;The Highest Priced Home to Sell in Ledyard in 2008:&amp;nbsp; $459,997&lt;/strong&gt;&lt;/p&gt;&lt;p align="left" /&gt;</Description>
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