Posted by Minna Reid on Monday, November 21st, 2016 at 10:47am.
Hamden, CT November 2016: As the year starts to draw to a close, the average sales price in Hamden continues to hover at a decade low of $190,000, although up a tad from 2015:
Sales prices usually continue to fall through the dead of winter in CT, so it is likely that Hamden will see the average price point fall even further through the end of the year. While sales volume has increased throughout the state, prices have failed to recover significantly. Negative equity remains a problem for those who purchased or refinanced since the early 2000’s, leading to continued short sales and foreclosures. Inventory in the upper price points is plentiful, while buyer demand is focused on homes in the lower price points leading to further stagnation.
Minna Reid is a CT Licensed Real Estate Broker Associate with Keller Williams Realty, and Team Leader of Reid Real Estate Group. Reid Real Estate Group is a team of full-time, full-service real estate experts with locations throughout Connecticut, and a specialty in short sales. The Reid Group brings years of real estate experience, intimate knowledge of the local market and the highest levels of customer service and professionalism to help guide you through all of your real estate transitions. Visit us at REIDREALESTATEGROUP.COM.