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        <Description>&lt;p&gt;&lt;img alt="Reuven Drive in Ledyard CT" hspace="7" src="http://farm4.static.flickr.com/3053/2663178171_54f58ba62e_m.jpg" align="left" border="0" /&gt;Inventory rose sharply this week to 142 active residential listings. There were 13 new listings to report this week.&amp;nbsp; It appears that Pfizer layoffs may be contributing to the increase of residential listings. There were only&amp;nbsp;2 pending sales to report and only 2 closed home sales.&amp;nbsp; Those price reductions keep on coming; there were 11 price reductions this week totaling $144,000.&lt;/p&gt;&lt;p&gt;New London County Second Quarter statistics have been released by the Eastern CT Association of Realtors&amp;copy;. The &lt;strong&gt;number of sales&lt;/strong&gt; of single family homes in New London County is down 37.45% from the second quarter of last year.&amp;nbsp; In addition, the &lt;strong&gt;average price&lt;/strong&gt; is down 16.18% while the &lt;strong&gt;median price&lt;/strong&gt; is down 11.69%.&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;Today's Ledyard Snapshot&lt;/strong&gt;&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;Number of Ledyard Homes Currently for Sale:&amp;nbsp; 142&lt;br /&gt;&lt;/strong&gt;Last week there were 136 active listings and one year ago there were 122 residential listings in Ledyard.&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;Number of Ledyard Homes Currently Pending:&amp;nbsp; 31&lt;/strong&gt;&lt;br /&gt;One year ago there were 39 pending sales in Ledyard.&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;Number of Homes Sold in 2008:&amp;nbsp; 55&lt;/strong&gt;&lt;br /&gt;One year ago there were 111 closed sales in Ledyard.&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;The highest priced home to sell in Ledyard in 2008:&amp;nbsp; $740,000&lt;/strong&gt;&lt;/p&gt;&lt;p align="center"&gt;&lt;strong&gt;There were 11 price reductions this week totaling $144,000&lt;/strong&gt;&lt;/p&gt;&lt;p align="center"&gt;&lt;em&gt;This week's photo was taken on Reuven Drive in Ledyard.&lt;/em&gt;&lt;/p&gt;</Description>
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