I currently live in Cromwell Ct and have been an agent out here for the last 6 years. I have sold many condos in the area. I personally think this is a great time to buy a condo in Cromwell. There are 8 complexes in Cromwell ranging from 100k-700+. So there is a price range and style for everyone. Lets take Sky View for example: All these units are 2 beds 2.1 baths and some have garages. The median sales price in 2007 was 196k, in 2008 was 191k, and in 2009 165k. Oxford Park: another complex built in the late 70's close to the highschool. 2-3 beds 2 baths a few with garages. 2007 median sales price was 176k, 2008 171k, and in 2009 is 169k. Prices are down!! Especially being a first time home buyer, buying incentives have never been better. $8000 tax credits, low interest rates, 100% finacing with closing cost paid for. If you are thinking about renting it will probably cost you more to get into a unit. 1st month, last month, and security deposit will add up. With the tax credit it is like living for 6 months mortage free..... Any questions please contact me 860-608-5047. I would be happy to work with you. So "YES" this is a good time to buy!!!!!