NEW LONDON COUNTY
Q2 2018

NEW LONDON COUNTY
Q2 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 | Q2 2018
NEW LONDON COUNTY
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1858 1897 -2.06%  3172 3240 -2.1% 
Sold Listings 1051 1123 -6.41%  1700 1817 -6.44% 
Median Listing Price $229,000 $224,900 1.82%  $224,900 $209,900 7.15% 
Median Selling Price $224,900 $219,500 2.46%  $219,900 $209,000 5.22% 
Median Days on Market 58 34 70.59%  62 43 44.19% 
Average Listing Price $261,395 $256,166 2.04%  $257,433 $245,717 4.77% 
Average Selling Price $253,325 $247,728 2.26%  $248,399 $236,645 4.97% 
Average Days on Market 89 73 21.92%  91 78 16.67% 
List/Sell Price Ratio 97.3% 96.8% 0.46%  96.9% 96.6% 0.34% 
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change
Bozrah 8 9 -11%  6 7 -14%  $140 K $168 K -16%  49 110 -55% 
Single Family Homes 8 9 -11%  6 7 -14%  $140 K $168 K -16%  49 110 -55% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Colchester 126 96 31%  65 83 -22%  $265 K $250 K 6.00%  75 32 134% 
Single Family Homes 116 81 43%  59 78 -24%  $265 K $253 K 4.95%  75 33 127% 
Condo-Townhome 10 15 -33%  6 5 20%  $302 K $164 K 84%  110 13 746% 
East Lyme 168 197 -15%  86 105 -18%  $302 K $286 K 5.51%  60 25 140% 
Single Family Homes 129 162 -20%  73 71 2.82%  $309 K $312 K -1.09%  60 20 200% 
Condo-Townhome 39 35 11%  13 34 -62%  $209 K $235 K -11%  95 43 121% 
Franklin 13 5 160%  4 6 -33%  $298 K $243 K 22%  243 65 274% 
Single Family Homes 13 5 160%  4 6 -33%  $298 K $243 K 22%  243 65 274% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Griswold 77 73 5.48%  43 42 2.38%  $176 K $174 K 0.89%  39 24 63% 
Single Family Homes 73 67 8.96%  40 41 -2.44%  $195 K $175 K 11%  37 29 28% 
Condo-Townhome 4 6 -33%  3 1 200%  $61 K $33 K 85%  55 10 450% 
Groton 211 236 -11%  118 155 -24%  $221 K $219 K 1.03%  50 29 72% 
Single Family Homes 179 200 -11%  94 125 -25%  $241 K $223 K 8.31%  53 25 112% 
Condo-Townhome 32 36 -11%  24 30 -20%  $131 K $150 K -13%  47 36 31% 
Lebanon 49 81 -40%  38 38 0.00%  $238 K $185 K 28%  59 33 79% 
Single Family Homes 49 81 -40%  38 38 0.00%  $238 K $185 K 28%  59 33 79% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Ledyard 111 122 -9.02%  71 76 -6.58%  $226 K $230 K -2.06%  45 35 29% 
Single Family Homes 104 115 -9.57%  70 72 -2.78%  $226 K $235 K -3.83%  46 35 31% 
Condo-Townhome 7 7 0.00%  1 4 -75%  $61 K $51 K 21%  38 87 -56% 
Lisbon 25 20 25%  22 9 144%  $245 K $217 K 13%  36 13 177% 
Single Family Homes 25 20 25%  22 9 144%  $245 K $217 K 13%  36 13 177% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Lyme 25 31 -19%  10 13 -23%  $326 K $525 K -38%  58 38 53% 
Single Family Homes 25 31 -19%  10 13 -23%  $326 K $525 K -38%  58 38 53% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Montville 134 114 18%  76 87 -13%  $186 K $183 K 1.78%  46 24 92% 
Single Family Homes 128 107 20%  72 81 -11%  $190 K $185 K 2.43%  46 22 109% 
Condo-Townhome 6 7 -14%  4 6 -33%  $62 K $48 K 31%  96 106 -9.43% 

REAL ESTATE SNAPSHOT | Q2 2018
NEW LONDON COUNTY
Market Area New Listings % Properties Sold % Median Sold Price % Median DOM %
Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change Q2
2018
Q2
2017
Change
New London 88 108 -19%  69 50 38%  $145 K $123 K 17%  74 25 196% 
Single Family Homes 71 87 -18%  56 43 30%  $151 K $139 K 8.63%  74 25 196% 
Condo-Townhome 17 21 -19%  13 7 86%  $95 K $46 K 106%  68 50 36% 
North Stonington 46 43 6.98%  16 29 -45%  $270 K $265 K 1.89%  73 33 121% 
Single Family Homes 46 43 6.98%  16 29 -45%  $270 K $265 K 1.89%  73 33 121% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Norwich 234 202 16%  127 148 -14%  $135 K $122 K 11%  58 48 21% 
Single Family Homes 190 158 20%  109 124 -12%  $144 K $131 K 9.97%  59 44 34% 
Condo-Townhome 44 44 0.00%  18 24 -25%  $123 K $83 K 48%  57 59 -3.39% 
Old Lyme 96 95 1.05%  54 45 20%  $377 K $350 K 7.64%  74 48 54% 
Single Family Homes 95 94 1.06%  53 45 18%  $380 K $350 K 8.57%  74 48 54% 
Condo-Townhome 1 1 0.00%  1 0   $210 K $0   113 0  
Preston 32 27 19%  23 18 28%  $220 K $238 K -7.66%  59 52 13% 
Single Family Homes 32 27 19%  23 18 28%  $220 K $238 K -7.66%  59 52 13% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Salem 39 33 18%  21 22 -4.55%  $274 K $234 K 17%  88 25 252% 
Single Family Homes 37 32 16%  19 22 -14%  $279 K $234 K 19%  93 25 272% 
Condo-Townhome 2 1 100%  2 0   $45 K $0   48 0  
Sprague 7 17 -59%  2 6 -67%  $111 K $200 K -45%  19 69 -72% 
Single Family Homes 7 16 -56%  2 6 -67%  $111 K $200 K -45%  19 69 -72% 
Condo-Townhome 0 1   0 0   $0 $0   0 0  
Stonington 159 184 -14%  84 83 1.20%  $310 K $350 K -11%  63 54 17% 
Single Family Homes 138 174 -21%  71 70 1.43%  $305 K $350 K -13%  60 50 20% 
Condo-Townhome 21 10 110%  13 13 0.00%  $350 K $350 K 0.00%  243 97 151% 
Voluntown 25 21 19%  8 6 33%  $226 K $144 K 57%  31 87 -64% 
Single Family Homes 25 21 19%  8 6 33%  $226 K $144 K 57%  31 87 -64% 
Condo-Townhome 0 0   0 0   $0 $0   0 0  
Waterford 185 183 1.09%  108 95 14%  $234 K $226 K 3.32%  59 29 103% 
Single Family Homes 171 168 1.79%  83 83 0.00%  $258 K $235 K 9.66%  64 29 121% 
Condo-Townhome 14 15 -6.67%  25 12 108%  $139 K $145 K -3.97%  42 33 27% 
Total 1858 1897 -2.06%  1051 1123 -6.41%  $225 K $220 K 2.46%  58 34 71% 
Single Family Homes 1661 1698 -2.18%  928 987 -5.98%  $234 K $225 K 4.11%  59 31 90% 
Condo-Townhome 197 199 -1.01%  123 136 -9.56%  $135 K $155 K -13%  54 48 13% 

NEW LONDON COUNTY
MARKET OVERVIEW
Q2 2018 | Single Family Homes
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 1661 1698 -2.18%  2812 2880 -2.36% 
Sold Listings 928 987 -5.98%  1500 1607 -6.66% 
Median Listing Price $239,000 $229,900 3.96%  $229,900 $219,900 4.55% 
Median Selling Price $234,250 $225,000 4.11%  $226,250 $215,000 5.23% 
Median Days on Market 59 31 90.32%  62 40 55% 
Average Listing Price $271,383 $263,695 2.92%  $267,079 $253,292 5.44% 
Average Selling Price $262,926 $255,262 3%  $257,582 $243,969 5.58% 
Average Days on Market 88 70 25.71%  90 75 20% 
List/Sell Price Ratio 97.3% 96.9% 0.46%  97% 96.6% 0.38% 
TEN-YEAR MARKET HISTORY
Q2 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
Q2 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
Q2 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
Q2 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
Q2 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
Q2 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)
Q2 2018 | Single Family Homes
Number of properties sold in the previous two years

NEW LONDON COUNTY
MARKET OVERVIEW
Q2 2018 | Condo-Townhome
Q2 2018 Q2 2017 % Change YTD 2018 YTD 2017 % Change
New Listings 197 199 -1.01%  360 360 0%       
Sold Listings 123 136 -9.56%  200 210 -4.76% 
Median Listing Price $139,900 $154,750 -9.6%  $139,900 $147,000 -4.83% 
Median Selling Price $134,900 $154,500 -12.69%  $135,000 $144,900 -6.83% 
Median Days on Market 54 48 12.5%  67 61 9.84% 
Average Listing Price $186,038 $201,528 -7.69%  $185,088 $187,747 -1.42% 
Average Selling Price $180,890 $193,050 -6.3%  $179,533 $180,603 -0.59% 
Average Days on Market 92 96 -4.17%  99 98 1.02% 
List/Sell Price Ratio 96.6% 96.3% 0.37%  96.2% 96.1% 0.02% 
TEN-YEAR MARKET HISTORY
Q2 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
Q2 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
Q2 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
Q2 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
Q2 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
Q2 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)
Q2 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.