Real Estate Market Report for Milford,Connecticut June 2008

Listed below is a summary of last month's home sales activity. I have also listed the activity for the same month last year to show where the markets are headed.

REAL ESTATE MARKET REPORT FOR MILFORD,CONNECTICUT

June 2007 v.s. June 2008

The highest listing in Milford, CT in June 2008 was for 130 Beach Ave in the Woodmont section of Milford. This is a 3618 sq.ft, 7 Room, 3Bedroom 2.1 Bath Colonial that was built in 2000. It is listed for $2,200,000..

The highest sold home in Milford for June 2008 was 159 Hillside Ave the Woodmont area. This was listed for $949,975 and reduced to $799,900. It sold in 93 days for $689,000 this is a 1920 Colonial with 1789 sq.ft, 6Room, 2 Bedrooms and 2 Baths. This was a foreclosure property requiring bank approval.

DOM (Days on Market) has increased from an average of 59 Days in June 2007 to an average of 81 days in June 2008. ↑

The average sale price in June 2008 has come down approximately 9.2 % in June 2008 compared to June 2007. ↓

The average listing price in June 2008 has come down approximately less than 1%
(.99% ) compared to June 2007. ─

Currently, there are 327 active listings available in Milford, Connecticut. As with most towns due to the large inventory, Milford is a buyer's market. Milford, CT offers a wide range of homes both in price and style making it a very desirable area due to proximity to the shoreline and a variety of commuter options.

If you would like more information or if you have any questions, please contact me @ donna@CTHomeConsultant.com