NEW LONDON COUNTY
Q3 2018

NEW LONDON COUNTY
Q3 2018

NEW LONDON COUNTY PDF Share Facebook
ALL PROPERTY TYPES  M Q
Bozrah  M  Q
Single Family Homes M Q  
Colchester  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
East Lyme  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Franklin  M  Q
Single Family Homes M Q  
Griswold  M  Q
Single Family Homes M Q  
Groton  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Lebanon  M  Q
Single Family Homes M Q  
Ledyard  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Lisbon  M  Q
Single Family Homes M Q  
Lyme  M  Q
Single Family Homes M Q  
Montville  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Mystic  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
N Stonington  M  Q
Single Family Homes M Q  
New London  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Norwich  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
Old Lyme  M  Q
Single Family Homes M Q  
Preston  M  Q
Single Family Homes M Q  
Salem  M  Q
Single Family Homes M Q  
Sprague  M  Q
Single Family Homes M Q  
Stonington  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
M MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Q QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact us.

TABLE OF CONTENTS CONTINUED
Voluntown  M  Q
Single Family Homes M Q  
Waterford  M  Q
Single Family Homes M Q   Condo-Townhome M Q  
M MONTHLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Q QUARTERLY REPORT AVAILABLE FOR SPECIFIED CITY/AREA/NEIGHBORHOOD.
Cities, areas, neighborhoods or property types within a county that are not represented indicate there is not enough sold data to produce a monthly or quarterly report for that specific city. If you are interested in information for a specific city, area, neighborhood and/or property type, please contact us.


REAL ESTATE SNAPSHOT | Q3 2018
NEW LONDON COUNTY
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1512 1508 0.27%  4684 4748 -1.35% 
Sold Listings 1108 1105 0.27%  2825 2922 -3.32% 
Median Listing Price $228,450 $225,000 1.53%  $224,900 $219,000 2.69% 
Median Selling Price $225,000 $220,000 2.27%  $220,000 $211,175 4.18% 
Median Days on Market 59 42 40.48%  61 42 45.24% 
Average Listing Price $276,740 $257,698 7.39%  $264,777 $250,248 5.81% 
Average Selling Price $268,494 $249,309 7.7%  $256,038 $241,434 6.05% 
Average Days on Market 80 67 19.4%  87 74 17.57% 
List/Sell Price Ratio 97.3% 96.9% 0.36%  97% 96.7% 0.35% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change
Bozrah 14 12 17%  9 4 125%  $170 K $204 K -17%  68 53 28% 
Single Family Homes 14 12 17%  9 4 125%  $170 K $204 K -17%  68 53 28% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Colchester 72 85 -15%  83 70 19%  $265 K $245 K 8.16%  66 47 40% 
Single Family Homes 63 74 -15%  76 59 29%  $270 K $245 K 10%  69 49 41% 
Condo-Townhome 9 11 -18%  7 11 -36%  $173 K $184 K -5.98%  14 43 -67% 
East Lyme 138 147 -6.12%  91 124 -27%  $310 K $290 K 6.90%  55 40 38% 
Single Family Homes 118 121 -2.48%  75 92 -18%  $330 K $301 K 9.54%  59 31 90% 
Condo-Townhome 20 26 -23%  16 32 -50%  $270 K $279 K -3.24%  51 78 -35% 
Franklin 8 5 60%  5 1 400%  $250 K $175 K 43%  61 6 917% 
Single Family Homes 8 5 60%  5 1 400%  $250 K $175 K 43%  61 6 917% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Griswold 47 71 -34%  56 50 12%  $179 K $154 K 16%  52 35 49% 
Single Family Homes 42 65 -35%  52 45 16%  $190 K $165 K 15%  57 37 54% 
Condo-Townhome 5 6 -17%  4 5 -20%  $86 K $54 K 60%  17 8 113% 
Groton 175 177 -1.13%  130 138 -5.80%  $215 K $216 K -0.35%  56 39 44% 
Single Family Homes 142 144 -1.39%  106 112 -5.36%  $245 K $235 K 4.26%  58 43 35% 
Condo-Townhome 33 33 0.00%  24 26 -7.69%  $150 K $125 K 20%  44 35 26% 
Lebanon 44 50 -12%  35 39 -10%  $195 K $230 K -15%  60 37 62% 
Single Family Homes 44 50 -12%  35 39 -10%  $195 K $230 K -15%  60 37 62% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Ledyard 110 97 13%  85 80 6.25%  $230 K $233 K -1.33%  52 39 33% 
Single Family Homes 103 89 16%  81 74 9.46%  $230 K $237 K -2.75%  53 40 33% 
Condo-Townhome 7 8 -13%  4 6 -33%  $80 K $77 K 3.58%  6 22 -73% 
Lisbon 26 22 18%  16 13 23%  $196 K $160 K 22%  45 50 -10% 
Single Family Homes 26 22 18%  16 13 23%  $196 K $160 K 22%  45 50 -10% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Lyme 17 29 -41%  15 12 25%  $490 K $330 K 49%  56 17 229% 
Single Family Homes 17 29 -41%  15 12 25%  $490 K $330 K 49%  56 17 229% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Montville 105 84 25%  82 70 17%  $193 K $189 K 1.85%  53 30 77% 
Single Family Homes 99 77 29%  77 68 13%  $197 K $190 K 3.68%  51 30 70% 
Condo-Townhome 6 7 -14%  5 2 150%  $57 K $87 K -34%  59 114 -48% 

REAL ESTATE SNAPSHOT | Q3 2018
NEW LONDON COUNTY
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change Q3
2018
Q3
2017
Change
New London 87 101 -14%  56 66 -15%  $165 K $137 K 20%  66 50 32% 
Single Family Homes 72 77 -6.49%  50 55 -9.09%  $168 K $150 K 12%  59 36 64% 
Condo-Townhome 15 24 -38%  6 11 -45%  $86 K $97 K -11%  114 82 39% 
North Stonington 30 31 -3.23%  22 17 29%  $286 K $265 K 7.92%  50 36 39% 
Single Family Homes 29 31 -6.45%  22 17 29%  $286 K $265 K 7.92%  50 36 39% 
Condo-Townhome 1 0   0 0   $0 $0   0 0  
Norwich 222 189 17%  137 139 -1.44%  $135 K $131 K 3.05%  61 52 17% 
Single Family Homes 183 158 16%  109 115 -5.22%  $145 K $145 K 0.14%  59 57 3.51% 
Condo-Townhome 39 31 26%  28 24 17%  $91 K $114 K -20%  98 43 128% 
Old Lyme 72 79 -8.86%  46 44 4.55%  $343 K $374 K -8.41%  58 53 9.43% 
Single Family Homes 68 77 -12%  45 44 2.27%  $340 K $374 K -9.08%  59 53 11% 
Condo-Townhome 4 2 100%  1 0   $430 K $0   18 0  
Preston 24 30 -20%  23 17 35%  $225 K $195 K 15%  75 58 29% 
Single Family Homes 24 30 -20%  23 17 35%  $225 K $195 K 15%  75 58 29% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Salem 34 38 -11%  14 16 -13%  $208 K $247 K -16%  74 37 100% 
Single Family Homes 29 34 -15%  12 14 -14%  $251 K $255 K -1.55%  59 46 28% 
Condo-Townhome 5 4 25%  2 2 0.00%  $63 K $35 K 79%  133 14 850% 
Sprague 15 11 36%  4 10 -60%  $188 K $209 K -10%  51 19 168% 
Single Family Homes 13 11 18%  4 9 -56%  $188 K $211 K -11%  51 20 155% 
Condo-Townhome 2 0   0 1   $0 $97 K   0 9  
Stonington 106 127 -17%  92 83 11%  $344 K $330 K 4.23%  66 56 18% 
Single Family Homes 100 110 -9.09%  78 67 16%  $348 K $335 K 3.88%  60 51 18% 
Condo-Townhome 6 17 -65%  14 16 -13%  $286 K $223 K 28%  77 217 -65% 
Voluntown 17 11 55%  12 9 33%  $222 K $259 K -14%  43 51 -16% 
Single Family Homes 17 11 55%  12 9 33%  $222 K $259 K -14%  43 51 -16% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Waterford 149 112 33%  95 103 -7.77%  $240 K $233 K 2.96%  66 36 83% 
Single Family Homes 133 99 34%  81 90 -10%  $242 K $248 K -2.60%  66 34 94% 
Condo-Townhome 16 13 23%  14 13 7.69%  $153 K $114 K 35%  83 39 113% 
Total 1512 1508 0.27%  1108 1105 0.27%  $225 K $220 K 2.27%  59 42 40% 
Single Family Homes 1344 1326 1.36%  983 956 2.82%  $234 K $229 K 2.01%  59 41 44% 
Condo-Townhome 168 182 -7.69%  125 149 -16%  $135 K $130 K 3.85%  63 46 37% 

NEW LONDON COUNTY
MARKET OVERVIEW
Q3 2018 | Single Family Homes
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1344 1326 1.36%  4156 4206 -1.19% 
Sold Listings 983 956 2.82%  2497 2563 -2.58% 
Median Listing Price $239,000 $234,250 2.03%  $230,000 $225,000 2.22% 
Median Selling Price $234,000 $229,400 2.01%  $229,900 $220,000 4.5% 
Median Days on Market 59 41 43.9%  61 40 52.5% 
Average Listing Price $290,459 $269,204 7.9%  $276,134 $259,227 6.52% 
Average Selling Price $281,901 $260,501 8.21%  $266,985 $250,135 6.74% 
Average Days on Market 76 62 22.58%  85 70 21.43% 
List/Sell Price Ratio 97.4% 96.9% 0.46%  97.1% 96.7% 0.4% 
TEN-YEAR MARKET HISTORY
Q3 2018 | Single Family Homes
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

NEW LONDON COUNTY
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q3 2018 | Single Family Homes
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q3 2018 | Single Family Homes
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

NEW LONDON COUNTY
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q3 2018 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q3 2018 | Single Family Homes
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

NEW LONDON COUNTY
MEDIAN SALE PRICE AND UNITS SOLD
Q3 2018 | Single Family Homes
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q3 2018 | Single Family Homes
Number of properties sold in the previous two years

NEW LONDON COUNTY
MARKET OVERVIEW
Q3 2018 | Condo-Townhome
Q3 2018 Q3 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 168 182 -7.69%  528 542 -2.58% 
Sold Listings 125 149 -16.11%  328 359 -8.64% 
Median Listing Price $138,600 $129,900 6.7%  $139,900 $140,000 -0.07% 
Median Selling Price $135,000 $130,000 3.85%  $135,000 $137,000 -1.46% 
Median Days on Market 63 46 36.96%  66 53 24.53% 
Average Listing Price $168,857 $183,874 -8.17%  $178,316 $186,140 -4.2% 
Average Selling Price $163,058 $177,499 -8.14%  $172,700 $179,315 -3.69% 
Average Days on Market 104 97 7.22%  104 98 6.12% 
List/Sell Price Ratio 96.2% 96.7% -0.48%  96.2% 96.4% -0.17% 
TEN-YEAR MARKET HISTORY
Q3 2018 | Condo-Townhome
Average Sale Price vs. Number of Sold Properties each Year
** Sold Properties for current year are annualized based on actual sales year-to-date

NEW LONDON COUNTY
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
Q3 2018 | Condo-Townhome
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE & AVERAGE DOM
Q3 2018 | Condo-Townhome
Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Days on Market | Average days on market for all properties sold.

NEW LONDON COUNTY
PROPERTIES FOR SALE AND SOLD PROPERTIES
Q3 2018 | Condo-Townhome
Properties for Sale | Number of properties listed for sale at the end of quarter.
Sold Properties | Number of properties sold.
MONTHS SUPPLY OF INVENTORY
Q3 2018 | Condo-Townhome
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

NEW LONDON COUNTY
MEDIAN SALE PRICE AND UNITS SOLD
Q3 2018 | Condo-Townhome
Median Sale Price vs. Number of Sold Properties each Year ** Sold Properties for current year are annualized based on actual sales year-to-date
PROPERTIES SOLD BY PRICE RANGE (IN THOUSANDS)
Q3 2018 | Condo-Townhome
Number of properties sold in the previous two years

The statistics presented in the Quarterly Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of BHHS New England Properties. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright ©2018 BHHS New England Properties.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.