Woodmont Real Estate Market Extends Weakening in Home Prices

The Woodmont market slowed with a 25.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.9) with three homes sold. In comparison, nearby Milford city (balance) had 71 sales in the same time frame, the most of all neighboring cities. Prices fell lower as this week's reported median sales price of $249,000 continued a four-week downward trend.

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Demographic facts about Woodmont:

  • The median age of all homes in the area is 54 years old.
  • The average snowfall is 6.2 inches per year. (U.S. average: 25)
  • The job growth rating in this area is 57. (Scale: 1 = Worst, 100 = Best)
  • The average expenditures for each student in the area is $7,575. ($5,691 = national average)

Data reported through 10/12/2016

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Snapped 3 homes in this area

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