Market Monday 5-14-18

Posted

Welcome to Market Monday, a mini report of new homes for sale, homes that have gone on contract and homes that have sold over the past 7 days for the towns of Guilford, Branford and Madison.  If you’re craving more information for more towns, we also offer Neighborhood News – this is an interactive site set up by zip code.  You set your own parameters and get a monthly report similar to this.  Click here to sign up for Neighborhood News or send me an email and I can do it for you!

It seems that, while spring has finally arrived here in CT, and there are some nice new listings along the shoreline, the new homes for sale still lag behind the homes either pending or closed for the same period.  Specifically there have been 14 new homes listed in Branford, 12 in Guilford and 13 in Madison.  This compares to 66 homes that are somewhere along the “Sold” spectrum for the same period of time.  We are seeing Multiple Offers on homes that are well priced as buyers compete to see who will win the final bid.  Now more than ever, it is imperative that buyers make sure they are pre-approved for the mortgage purchase price!  

If you are looking for buy or sell a home or condominium along the CT Shoreline, we would love to help you.  Give us a call (Heather Dacey at 203-314-1301 or Paula “PB” Baraket at 203-434-1868).  Until next Monday, have a great week!