Cindy Breckheimer

Milford, CT

Single-Family Homes



Milford, CT

Wed Jul 06 2022
This week the median list price for Milford, CT is $572,300 with the market action index hovering around 70. This is less than last month's market action index of 78. Inventory has increased to 78. Click here to stay informed with the Milford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Milford, CT

Wed Jul 06 2022
This week the median list price for Milford, CT is $572,300 with the market action index hovering around 70. This is less than last month's market action index of 78. Inventory has increased to 78. Click here to stay informed with the Milford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Milford market.
Median List Price $572,300
Median Price of New Listings $515,000
Per Square Foot $295
Average Days on Market 31
Median Days on Market 14
Price Decreased 27%
Price Increased 3%
Relisted 6%
Inventory 78
Median Rent
Market Action 70
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,199,900 2,915 6,500 - 8,000 sqft 4 3 36 4 0 21
$719,900 2,367 8,000 - 10,000 sqft 4 2.5 80 5 2 14
$479,900 1,755 8,000 - 10,000 sqft 3 2 69 5 1 14
$349,950 1,451 8,000 - 10,000 sqft 3 1 78 7 6 7