Norwalk CT Real Estate Market Weekly Statistics Report - July 12, 2011

NORWALK CT HOMES: The median list price in Norwalk  is $450,500.  As of this morning, there are 482  homes actively on the market. These home have been on the market an average of 103 days and are listed at an average of $766,256.

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $95,000. The most active price range in Norwalk is between five and six hundred thousand dollars.

Twenty-one  new listings came on the market this week, and one home  came back on the market after being under deposit.  There were 21 properties that had a price change. This was a solid week for deposits, and 13  properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS:  Eight single family homes sold this past  week, which  These homes had an average price of $615,275 and  were on the market an average just 51 days. There were 92 status changes in the last week.

NORWALK CT CONDOS:  The 286 condominiums that are available in Norwalk have been  listed an average price of $306,089 and have been on the market an average of 128 days, although the median price of a condo in Norwalk is fairly consistent at $237,400. There are 56 condos in the the city listed between $200,000 and $250,000.

The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $49,500.

There were five new listings, including one  home that came back on the market after being under deposit. There were nine properties that had a price change. In the last week, three properties went into CTS status,  and  six properties went into pending status. CLOSINGS:  There was one condominium that closed in the last week that was listed at $179,900 and was on the market for 117  days. There were 32 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 126 homes or apartments available. The median monthly price is $1,625 and the average price is $2,618 per month. These year round rental opportunities have been on the market an average of 39 days.

There are just two seasonal rentals available throughout Norwalk, and they have been on the market an average of 78 days, and at an average price of $8,375. The median  price of both furnished and unfurnished seasonal rentals is also $8,375.

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