OverView of Current Market Conditions
The following charts show the changes that have taken place in the East Lyme real estate market between 2001 and 2006. The first chart shows the median sale price for a home within one of the two main groups, both in 2001 and 2006. (The median sale price is the middle of the range of actual selling prices from the lowest to the highest. The median is used instead of an average because the average gives higher weight to the higher priced properties, the median gives equal weight to all sales.)
The second chart shows the change in the median selling price of a single-family home over the last 12 months leading up to 10/1/2006. The last chart shows the change in the number of single-family transaction over the same 12 months.
2001 vs 2006 Median Sale Price Comparison
Changes in selling prices for Single Family Homes by Quarter
Changes in number of Single Family Sales by Quarter
