Don't Let Current Market Trends Discourage You

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we're going to take a look at what to expect in the New Haven County real estate market in the coming months. July and August are typically two of our slower months, so we're likely to see some unfavorable trends. For instance:

• Both the inventory of available homes and average days on the market are trending up. We expect this to continue over the next few months.
• Homes priced under $300,000 are going the quickest, while those around $350,000 and above tend to be staying on the market longer and with a lot more competition.
• In Wallingford, 42% of the listed properties have had price reductions from the time they were listed until now, which is indicative of our area in general. Some homes have even seen multiple price reductions.

This is nothing to get nervous about. These swings in market conditions are annual, this being the time where things cool off a bit. What this means for you is that pricing your home is more important than ever. If you are looking to put your house on the market in the coming months, now is the time to be talking to a real estate broker so we can work out an aggressive pricing strategy. 

 For an honest, realistic estimate of what your home is worth in the current market, give us a call or shoot us an email. We would love to give you a hand.