Madison CT Homes - Madison Real Estate Market Report January 2010

Madison CT Homes - Madison Real Estate Market Report January 2010

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

There are currently 210 Madison CT homes for sale ranging in price from $79,900 for a seasonal cottage to $6,950,000 for a direct waterfront estate. In the month of January 2010 there were 13 homes that closed which is an increase of 2 home as there were 11 Madison CT homes that closed in January 2009.

The average sales prices of Madison CT homes sold in January 2010 was $514,690 with an average 134 days on the market versus $722,375 for those sold in January 2009 with an average 81 days on the market.

Below is a summary of the Madison real estate market that provides a more in depth view of market conditions over the past twelve months.

For the period of January-December 2008 there were 168 Madison CT homes sold withan average list price of $662,995, an average sales price of $620,045 and a median sales price of 465,000.

For the period of January-December 2009 there were 180 Madison CT homes sold with an average list price of $594,493 an average sales price of $549,610 and a median sales price of $438,500.

The average sale price to list price ratio for January-December 2008 was 94,48% and for January-December 2009 was 94.03%.

The average days on market for January-December 2008 was 107 days and for January-December 2009 it was 114 days.

In reviewing this comparison of year to year market data for Madison real estate there has been an increase in the number of homes sold and a considerable decrease in the average sales price. The average days on market for homes sold this year has increased from the previous year.

The data for the January 2010 real estate market report for Madison CT homes is based on statistics provided from the CTMLS (private sales are not included nor are mobile homes).

Click here for previous Madison Connecticut Market Reports

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Contact Donna Bigda, ABR, SRES, e-PRO, Realtor®, RE/MAX Alliance Licensed Realtor® in the State of Connecticut at 203-488-1641, ext. 214 to list your property for sale or to purchase a property in Branford, Guilford, Madison, East Haven, New Haven, North Branford, Hamden, North Haven, Milford, West Haven and the rest of shoreline area in New Haven County Connecticut.

If you're considering selling your Madison CT home, we'd be happy to provide you with a Pin-Point Price Analysis of your home which will help you determine what it might sell for in today's market.

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