Norwalk CT Weekly Real Estate Market and Statistics 2/22/11

NORWALK CT HOMES: Norwalk's Market is picking up! There are currently 350 homes on the market for an average of %760,176 that have been on the market 121 days. There were just 7 new listings and 1 home came back on the market after being under deposit.   10 Properties had a price change. In the last week,  12 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. 5 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 5 properties that closed in the last week had an average price of $496,960 and were on the market an average of 70 days. There were 57 status changes.

NORWALK CT CONDOS: There are currently 212 condominiums on the market listed at an average price  of $313,462 (that's about a  an average price drop of $20,000 from last week!) and they have been on the market  an average of 141 days. There were 6 new listings and no  properties came back on the market. 97 Properties had a price change. In the last week,  5 properties went into CTS status,  and 4 properties went into pending status. The 2 properties  that closed in the last week had an average price of $404,000 and were on the market  an average of 35 days. There were 36 status changes.

There are currently 172 rental opportunities in Norwalk at an average monthly price of $2253