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Discover Real Estate Opportunities in Milford, Orange, and Stratford
Hey there, neighbors and future home sellers or buyers in New Haven County, CT! I’m Wendy Barry, and today I’m excited to chat about the real estate scene in our beautiful area.
Your Insider’s Guide to the Current Market
Let’s jump into what’s happening locally in the real estate market. With mortgage rates hanging around 6.72%, the housing market is definitely on the move. We’re seeing fewer existing home sales than we’ve had in ages. But here’s the good news—new homes are popping up thanks to some nifty builder incentives. Great news for buyers on the hunt!
The Pricing Picture
Median home prices have settled at about $416,700, which is a nice breather. We’re expecting steady prices, which is great for buyers struggling with costs and also for sellers planning their next steps in this ever-changing market.
Plenty of Opportunities for Sellers
Thinking about selling? This might just be your moment in your local real estate market. With new builds on the upswing, places like Stratford and Milford are catching buyers’ eyes. Make sure your home stands out as the top choice for serious contenders.
Connecting More Than Just Houses
Being a real estate agent isn’t only about matching buyers with homes; it’s about building community connections. Whether you’re looking to sell or find a new nest in spots like Orange, getting in touch with us nudges you closer to your real estate dreams.
Stay in the Loop with Monthly Market Highlights
To take full advantage of these market conditions, keeping informed is key. Join our online Market Watch sessions for fresh insights and strategies to help you navigate CT’s lively market.
Need personalized advice or a chat about your property? Reach out anytime:
Mobile: 203-913-2923
Email: wendy@wbarryrealtor.com
Website: wbarryrealtor.com
Office Phone: 203-795-6000
Office Address: 236 Boston Post Rd., Orange, CT 06477
Collaborating with you on this exciting journey is about more than making deals; it’s about celebrating the communities we’re shaping together. Here’s to new adventures!
Thank you for trusting me with your real estate journey.
For further insights, feel free to check out the full articles on [CNBC](https://www.cnbc.com/real-estate/) and [Realtor.com](https://www.realtor.com/news/real-estate-news/).
Culture and Fun for All at The MAC in Milford, CT
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Outdoor Dining in Milford, CT and an Update on the Current Milford, CT and Orange, CT Real Estate Market
What would it actually take to prepare your home for sale
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Quick Weekend Trip to New York City from Connecticut
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Quick NYC Getaway
Brunch by the Water, Know What Your Home Could Be Worth in this Market and More!
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November 2022 Milford, CT, Real Estate Market Trends Report
To put it plainly, the real estate market in Milford, CT is HOT! If you are a homeowner in Milford, who has been considering selling, you are in luck! You’ll see from my trend report that the average list price for homes remains the same as the previous month and the median list price for a home is up 4% to $600K which is an increase of over 26% from the same time last year! Even though sales prices were down about 7% the previous three months leading to November, sales prices actually rose over 16% this November over same time last year! These continual rises create a general average year over year upward trend. So even though you may be hearing that the market is insane, and we may be seeing some high ups and downs month to month, the gradual upward trend still remains. The Milford market is not only holding strong, it has been and remains to be a market that people are chomping at the bit to get in to. Each home on the market has very little competition so it has excellent market placement. As long as a property is priced at fair market value, it will sell for a great price. Reach out if you want to discuss your options! Here is a link to my contact page!
Check out the full report here
Check out Milford homes for sale here
The 20% Down Payment Myth
I speak to so many renters who believe that they can never achieve the dream of homeownership because the prospect of saving 20% of the total mortgage just seems out of reach. The good news is that the 20% rule is largely a myth. Unless a particular loan type requires it, there is rarely a need to come up with that sometimes insurmountable sum! Yes, by putting down 20% you save the cost of Private Mortgage Insurance, but that is not a fee that stays with you for the life of your loan and isn’t a requirement. Additionally, some loan products require a down payment as low as 3.5%! It doesn’t cost you anything to reach out to a trusted lender to see what you qualify for and to see what your options are. A good lender can even give you a step-by-step plan to get you where you need to be and to get your credit score where it needs to be! Check out this article for more info on the 20% down payment myth!
