New London Real Estate Market Extends Downward Trend in New Listings

The New London market might be slowing in the coming weeks. Sales fell this week to 18 homes sold over the last 30 days, and there is a determined downward trend in the number of new listings, with 28 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are falling in New London, and this period the median price of all sales fell from $165,000 to $163,000. With decreasing sales and the availability of 10 months of inventory, New London is a strong buyer's market.

Get started right now by checking out New London homes for sale or reviewing New London real estate trends.

Demographic facts about New London:

  • The total number of vacant homes in the area is 12.4%.
  • The area gets an average of 203 sunny days each year. (U.S. average: 205)
  • The student per librarian ratio in this area is 493:1. (803:1 = national average)

Data reported through 10/12/2016

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Ask a local expert about this area:
Weichert Realtors Suburban Properties
Snapped 50 homes in this area
Randall Realtors
Snapped 1 home in this area

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