Rental Market for New London County

[Daniel Watrous]

I looked at the last year of rentals on the MLS in New London county and ranked the towns based on Avg Days on Market, Rent amount, Rent/List ratio. What do you think?:

Town	Avg Days on Market	# of Rentals	Avg Rent/List	Avg Rent	My Rank
Ledyard	35	24	99.9%	$1,486.46	1st
Montville	32	34	99.9%	$1,320.44	2nd
Colchester	31	43	99.5%	$1,364.88	3rd
Stonington	45	87	99.8%	$1,332.76	4th
Old Lyme	47	20	99.6%	$1,557.50	5th
New London	41	91	99.5%	$1,240.00	6th
Griswold	42	22	99.4%	$1,239.55	7th
Salem	45	18	99.7%	$1,081.67	8th
Groton	46	127	99.4%	$1,316.61	9th
E Lyme	47	95	99.4%	$1,355.83	10th
Waterford	48	64	99.7%	$1,227.48	11th
Norwich	46	122	98.9%	$1,216.60	12th

The criteria used were: 

Property Type is one of 'Residential', 'Multi-Family'

Current Price is 2000 or less

Status is 'Closed'

Status Contractual Search Date is 05/21/2016 to 05/22/2015

Transaction Type is 'Rent'

Property Type is 'Residential'

PT is one of 'Condo', 'Single Family'

Rental Agreement is one of 'Annual', 'Lease'

County is 'New London'

The following towns were not ranked because they had fewer than 10 rentals: Lebanon, Lisbon, Lyme, N Stonington, Bozrah, Preston, Sprague, Voluntown, and Franklin.