Branford Homes For Sale and Sold Market Report for November 2013

Real estate market data for Branford CT provided by Donna Bigda of RE/MAX Alliance.

BRanford Home Prices

Understanding the general direction of the current Branford CT real estate market conditions is of vital importance to both buyers and sellers in order to help you make an informed decision when buying or selling a home in Branford.

Over the past 11 months we are seeing a trend of listing price increases on homes prices in Branford and would expect this to continue into the new year.  If you are considering buying a home you can still find deals on a house in Branford but having a good real estate agent who understands the market is a must.

Interest rates are still low so don’t wait too long on the sidelines, many listings when priced correctly are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don’t overpay for your home, you’ll want to have an agent that does a thorough market analysis of the Branford home on which you are making an offer.

If you are interested in how much current inventory is on the market in Branford you can find that information by clicking on the link.  Over the past 3 months Branford homes for sale have an average time of 132 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home.  Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers.

Branford Real Estate Report Summary