Weekly Norwalk CT Real Estate Market Update 2/15/11

NORWALK CT HOMES: There are currently 354 homes on the market for an average of 775,968 that have been on the market 121 days. There were 17  new listings and 3 homes came back on the market after being under deposit.   13 Properties had a price change. In the last week,  13 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 2 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 7 properties that closed in the last week had an average price of 808,400 and were on the market an average of 100 days.There were 65 status changes.

NORWALK CT CONDOS: There are currently 212 condominiums on the market listed at an average price  of 332,894 and they have been on the market  an average of 140 days. There were 10 new listings and no  properties came back on the market. 9  Properties had a price change. In the last week,  6 properties went into CTS status,  and 7 properties went into pending status. That's a significant increase from the prior week, adn all signs point to SELL! The 2 properties  that closed in the last week had an average price of 304,450 and were on the market  an average of 84 days. There were 43 status changes.

There are currently 180 rental opportunities in Norwalk at an average monthly price of 2349.