Madison, CT

Madison CT Homes - Madison Real Estate Market Report October 2009

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.

There are currently 200 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 October 2009 there were 16 homes that closed which is an decrease of 4 home as there were 20 Madison CT homes that closed in October 2008.

The average sales prices of Madison CT homes sold in October 2009 was $587,888 with an average 112 days on the market versus $502,360 for those sold in October 2008 with an average 104 days on the market.

The median sales price for October 2009 was $355,000.

The median sales price for October 2008 was $335,000.

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-Octoberr 2008 there were 156 Madison CT homes sold withan average list price of $647,651, an average sales price of $607.777 and a median sales price of 462,500.

For the period of January-October 2009 there were 150 Madison CT homes sold with an average list price of $596,576 an average sales price of $552,095 and a median sales price of $448,750.

The average sale price to list price ratio for January-October 2008 was 94.59% and for January-October 2009 was 93.88%.

The average days on market for January-October 2008 was 105 days and for January-October 2009 it was 113 days.

In reviewing this comparison of year to year market data for Madison real estate there has been a very slight decrease in the number of homes sold. There has been a considerable decrease in the average sales price and the months supply of inventory is still very high. The average days on market for homes sold this year has increased from the previous year.

The data for the October 2009 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). ****************************************************************************************

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 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.

If you're thinking of buying a home in Madison see Madison CT real estate or sign up today to get access the hottest new listings here Madison CT Homes.

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Madison CT Homes - Madison Real Estate Market Report October 2009*

Madison CT Homes - Madison Real Estate Market Report September 2009

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.

There are currently 228 Madison CT homes for sale ranging in price from $45,000 for a seasonal cottage to $6,950,000 for a direct waterfront estate. In the month of September 2009 there were 14 homes that closed which is an increase of 5 home as there were 9 Madison CT homes that closed in September 2008.

The average sales prices of Madison CT homes sold in September 2009 was $453,114 with an average 105 days on the market versus $593,389 for those sold in September 2008 with an average 113 days on the market.

The median sales price for Septmeber 2009 was $384,500.

The median sales price for September 2008 was $408,000.

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-September 2008 there were 136 Madison CT homes sold withan average list price of $669,018, an average sales price of $629,098 and a median sales price of 480,500.

For the period of January-September 2009 there were 134 Madison CT homes sold with an average list price of $597,614, an average sales price of $551,594 and a median sales price of $448,750.

The average sale price to list price ratio for January-September 2008 was 94.88% and for January-September 2009 was 93.77%.

The average days on market for January-September 2008 was 106 days and for January-September 2009 it was 113 days.

In reviewing this comparison of year to year market data for Madison real estate there has been a very slight decrease in the number of homes sold. There has been a considerable decrease in the average and median sales price and the months supply of inventory is still very high. The average days on market for homes sold this year has increased from the previous year.

The data for the September 2009 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). ****************************************************************************************

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 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.

If you're thinking of buying a home in Madison see Madison CT real estate or sign up today to get access the hottest new listings here Madison CT Homes.

Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Madison CT Homes - Madison Real Estate Market Report September 2009*

Looking for a William Raveis Real Estate Professional covering the Town of Madison?

Dan and Sandra Cummings are based out of the Guilford and Madison offices so they are often working in Madison. As lifelong residents of New Haven County they have invaluable knowledge of the area and are happy to share their market knowledge with local home sellers or provide tours for relocating clients.

You can learn more about Sandra Cummings by reading her stories on The Shoreline Blogger or just Google Sandra Cummings Realtor to find one of her many sites.

Dan has become an avid runner in the area and may be spotted at any number of local 5k events. He also spends weekend mornings running with the Leukemia & Lymphoma Society's Team in Training or lending a hand with the New Haven Runners. Of course running is just a hobby so he is always available to discuss Real Estate, just google Dan the Running Realtor.

Located in one of the most convenient, yet private locations in town. This 4 bedroom colonial is set on a private road with views of the Madison CC golf course, and within walking distance of Madison's village, restaurants and 2 beaches. The home has been completely updated - the kitchen is a chef's dream! Hardwood floors throughout, corner cabinets in dining room, and crown moulding add to the charm of the home. Call Betsy 203.738.0207 for more information.

Madison Connecticut Real Estate
Market Report October 2008

Understanding the general direction of the current Madison Connecticut real estate market is of vital importance to both sellers and buyers. In analyzing these trends, property absorption rates provide a good indication of whether the current real estate cycle is a buyer's market, a seller's market or a balanced market. There are currently 207 Madison Connecticut homes for sale (single family).Below is the most up-to-date absorption rate analysis:

Photo courtesy of slack12

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Featured below are Madison Connecticut Real Estate Sales for the past three months. Statistics are broken down by price range for a better view of the current market which is showing a good balance of sales between the price ranges of $250,000 to $1,000,000.

Overall, the Madison real estate market is still experiencing a large inventory of homes in all price ranges to suit any buyer's individual needs. If you are thinking of buying a home in Madison Connecticut now is a great time to buy while interest rates are still low and there's a good supply of homes to choose from.

Photo courtesy of slack12
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Written and Posted by:

Donna Bigda - REALTOR®, ABR, SRES, e-PRO

RE/MAX Alliance - Branford, CT 06405

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Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Branford Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Branford Homes Blog represent the opinions and ideas of the author(s). Branford Homes Blog does not express the views of RE/MAX Alliance, or those of the broker.

Copyright © 2008 by Donna Bigda, All Rights Reserved.....*Madison Connecticut Real Estate
Market Report October 2008*