Norwalk CT Real Estate Weekly Market Update November 15, 2011

NORWALK CT HOMES: Norwalk continues its seasonal  inventory slide and as of this morning, there are 424 homes that are actively on the market. These homes have been available an average of 128 days and are listed at an average price of $708,337. The median list price in Norwalk is at $424,950.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $139,900.  

Ten new listings came on the market this week, and five homes  came back on the market after being under deposit.  There were 22 properties that had a price change. Again, this was yet another solid week for deposits, and seven properties have gone under the initial deposit stage, which we call CTS. Ten properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $374,890 and their  market time was 157 days on average.

TOWNWIDE PENDINGS: There are 47 properties scheduled to close, and their average price is $525,447. Their average market time was 150 days.

CLOSINGS:  Seven single family homes were reported sold.  These homes had an average price of $453,257 and  were on the market an average of 147 days. There were 76 status changes in the last week.

NORWALK CT CONDOS:  The 261 condominiums that are available in Norwalk are listed at an average price of $303,405 and have been on the market an average of 135 days, and  the median price of a condo in Norwalk is $229,250. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $39,500.

There were two new listings this week, and no homes came back on the market after being under deposit. There were ten properties that had a price change. In the last week, eight properties went into CTS status,  and six properties went into pending status.

TOWNWIDE PENDINGS: There are 24 properties scheduled to close, and their average price is $391,349. Their average market time was 194 days.

CLOSINGS:  There were four condominiums that were reported as closed in the last week, and they were listed on average at $222,725 and  on the market an average of 155 days.  There were 38 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 161 homes or apartments available. The median monthly price is $1,775 and the average price is $2,710 per month. These year round rental opportunities have been on the market an average of 48 days.

There are no seasonal rentals available at this time in Norwalk.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

f you have a question about buying or selling Real Estate in Norwalk, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy