Wednesday, January 20, 2010

Still No Improvement In Milford Real Estate Market

The following evaluation of Milfords Real Estate market was published by Trulia is a Real Estate Market research group specializing in residential Real Estate Trends.

The representations made by Trulia are those of the experts, and market researchers only and not an opinion expressed or implied by myself or anyone at the MDB.


"Average price per square foot for Milford CT was $194, a decrease of 24.8% compared to the same period last year. The median sales price for homes in Milford CT for Sep 09 to Nov 09 was $245,000 based on 137 home sales. Compared to the same period one year ago, the median home sales price decreased 15.5%, or $45,000, and the number of home sales increased 3%.

There are currently 333 resale and new homes in Milford on Trulia, including 41 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Milford CT was $443,596 for the week ending Jan 13, which represents a decrease of 2.3%, or $10,502, compared to the prior week. Popular neighborhoods in Milford include Post Road North and , with average listing prices of $345,615 and $443,596."

(Above photo of a recently sold home in Milford)

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