Market Monday April 23, 2018
For the 5th straight week, new listings of homes for sale in the CT Shoreline towns of Guilford, Branford and Madison seem way behind what they have been in past years. More and more, we are seeing multiple offers and frustrated buyers resulting from this low inventory. It’s been a long time since this area has experienced a Sellers Market but it appears to be switching from a Buyers Market to just that!
In the past 7 days, we have seen a total of only 24 new listings (in all 3 towns and across all price ranges!). 33 homes have gotten offers, 16 have switched from “Show” to “Deposit” and 16 have closed. For more specific information on homes that are new, pending and closed over the past week, please click here.
If you are interested in selling your home, please call Heather Dacey at (203)314-1301 or my business partner Paula “PB” Baraket at (203)434-1868. We can help you get your home ready to sell quickly so you can purchase your next home before the prices swell from lack of inventory and while the rates for mortgages is still historically low!