Norwalk CT Weekly Listing & Market Statistics Report 2/28/11

NORWALK CT HOMES:  The activity just keeps getting better and better! Properties that sat on the market are now starting to sell, and this is a banner week for Norwalk. There are currently 359 homes on the market for an average of $752,790 that have been on the market 119 days. There were15 new listings and 2 homes came back on the market after being under deposit.   16 Properties had a price change. In the last week,  17 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.8 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 9 properties that closed in the last week had an average price of $768,533 and were on the market an average of 237 days. There were 78 status changes.

NORWALK CT CONDOS: There are currently 218 condominiums on the market listed at an average price  of $316,980 and they have been on the market  an average of 136 days. There were 15 new listings and 1  property came back on the market. 8 Properties had a price change. In the last week,  4 properties went into CTS status,  and 5 properties went into pending status. The 4 properties  that closed in the last week had an average price of $218,700 and were on the market  an average of 254 days. There were 48 status changes.

There are currently 167 rental opportunities in Norwalk at an average monthly price of $2181, and they have been on the market an average of 61 days.