Norwalk CT Real Estate Market Weekly Update December 27, 2011

NORWALK CT HOMES: Inventory has decreased again in Norwalk with just 348 homes that are actively on the market as of this morning. These homes have been available an average of 149 days and are listed at an average price of $729,432. The median list price in Norwalk is at $407,450.

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

Four new listings came on the market this week, and no homes came back on the market after being under deposit.  There were two properties that had a price change. Seven properties have gone under the initial deposit stage, which we call CTS, and 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 $520,750 and their  market time was 117 days on average.

TOWNWIDE PENDINGS: There are 54 properties scheduled to close, and their average price is $520,750.

CLOSINGS:  Nine single family homes were reported sold.  These homes had an average price of $586,489 and  were on the market an average of 157 days. There were 46 status changes in the last week.

NORWALK CT CONDOS:  The 217 condominiums that are available in Norwalk are listed at an average price of $295,623 and have been on the market an average of 140 days. The median price of a condo in Norwalk is $219,950. 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 no new listings this week, and no homes came back on the market after being under deposit. There were two properties that had a price change. In the last week, six properties went into CTS status,  and five properties went into pending status. Their average list price was $224,360.

TOWNWIDE PENDINGS: There are 31 properties scheduled to close, and their average price is $355,093.

CLOSINGS:  There were five condominiums that were reported as closed in the last week, and their average list price was $249,580. They were on the market an average of 238 days.  There were 38 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 167 homes or apartments available. The median monthly price is $1,700 and the average price is $2,535 per month. These year round rental opportunities have been on the market an average of 57 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.

If 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