Current Absorption Rates

Explanation of absorption rate: The rate at which available homes are sold in a specific real estate market during a given time period. If you look at the number for Branford you can say “If market conditions do not change and if no new listings come on the market it will take 2.9 months for the current inventory to sell at the current pace of the market. A balanced market’s absorption rate is typically between 5-7 months”.

 

Ten Great Reasons to Live in Greater New Haven and Connecticut

10.  75 Miles from NYC and 125 Miles from Boston

9.  332 Miles of Coastline

8.  60% of State is Forested

7.  Top 10% of Metro Areas in Support for the Arts

6.  4th Oldest Symphony Orchestra in the Nation

5.  5th Among States in Quality of Life

4.  4th Most Intelligent State

3.  Yale University Ranked #3 in U.S.

2.  Median Home Price of $229K is Below U.S. Median of $256K

and

1.  World's Best Pizza