Norwalk CT Real Estate Market Weekly Statistics Report - July 19, 2011

NORWALK CT HOMES: The median list price in Norwalk  is $444,500.  As of this morning, there are 488  homes actively on the market. These home have beenavailable an average of 102 days and are listed at an average of $760,700.

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.

Seventeen new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were 26 properties that had a price change. This was a solid week for deposits, and 12 properties have gone under the initial deposit stage, which we call CTS, and 8 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS:  Ten single family homes sold this past  week.  These homes had an average price of $424,370 and  were on the market an average of 90 days. There were 96 status changes in the last week.

NORWALK CT CONDOS:  The 279 condominiums that are available in Norwalk have been  listed an average price of $306,662 and have been on the market an average of 129 days, although the median price of a condo in Norwalk is fairly consistent at $237,350. 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 seven new listings this week, and no homes came back on the market after being under deposit. There were nine properties that had a price change. In the last week, five properties went into CTS status,  and three properties went into pending status. CLOSINGS:  There were five  condominiums that closed in the last week that were listed at an average price of $373,960 and were on the market for an average of 78  days. There were 45 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 122 homes or apartments available. The median monthly price is $1,600 and the average price is $2,738 per month. These year round rental opportunities have been on the market an average of 40 days.

There are four  seasonal rentals available throughout Norwalk, and they have been on the market an average of 49 days, and at an average price of $8,062. The median  price of both furnished and unfurnished seasonal rentals is also $7,750.

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.