197614 Resource 125797 125888 125888 1203264223578 1203264179582 Controlled Ledyard and Gales Ferry Real Estate Update Ledyard and Gales Ferry Homes for Sale, Pending and Sold <p><strong><img alt="Ledyard Connecticut" hspace="8" src="http://farm2.static.flickr.com/1250/1161142129_5a3d05d6e7_m.jpg" align="left" border="0" />Inventory in Ledyard crept over 100 this week</strong>, the first time since November 2007 that the number of active residential listings reached that milestone.&nbsp; </p><p>The low number of homes that are selling continues to be a concern.&nbsp; Since the beginning of the year, only one or two homes have sold per week in Ledyard and <strong>this week is no exception with only 1 pending sale.</strong> (That home was listed at $249,900.)</p><p>So what's the problem?&nbsp; Although interest rates remain favorable, I believe the problem has become &quot;affordability&quot;.&nbsp; <strong>The buyer pool has dwindled because of tightening credit due to the subprime mess, and the rapid rise of home prices between 2002 and 2005.</strong></p><p>I attended a zoning commission meeting last week where Jane Dauphinais from the Southeastern CT Housing Alliance provided a startling statistic. <em>&quot;In 2005, a family making the median income couldn't qualify for the median sales priced home in 157 of the state's 169 municipalities.&quot;</em></p><p><em></em>&nbsp;</p><p align="center"><strong><u>Today's Ledyard Snapshot</u></strong></p><p align="left"><strong>Number of Ledyard Homes Currently for Sale:&nbsp; 102</strong> <br />Last week there were 97 and&nbsp;one year ago there were 108 residential listings in Ledyard</p><p align="left"><strong>Number of homes with price reductions this week:&nbsp; 5</strong></p><p align="left"><strong>Number of homes currently pending:&nbsp; 14</strong></p><p align="left"><strong>Number of homes sold in 2008:&nbsp; 14</strong></p><p align="left"><strong>The highest priced home in Ledyard this year:&nbsp; $459,997</strong></p> 9 application/xml false Gales Ferry Homes for Sale Gales Ferry Real Estate Ledyard Homes for Sale Ledyard Real estate Eastern Connecticut Home Finder Search Homes for Sale in Connecticut http://www.easterncthomefinder.com Ledyard Online A website just for Ledyard http://www.ledyardonline.com Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 ldavis 71.235.20.152 false true false false true 205810 false false true false false false true 125797 blog blogsite/CTRelocation/web