Norwalk CT Real Estate Market Weekly Statistics Report - July 5, 2011

NORWALK CT HOMES: The median list price in Norwalk  is $451,250.  As of this morning, there are 480  homes actively on the market  constituting a one week drop in inventory by three percent. These home have been on the market an average of 102 days and are listed at an average of $771,046.

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.

Fourteen  new listings came on the market this week, and no homes  came back on the market after being under deposit.  There were  19  properties that had a price change. This week, ten  properties have gone under the initial deposit stage, which we call CTS, and 11 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. CLOSINGS:  Twenty-five single family homes sold this past  week, which is more than last week, and nearly double of that which sold the week before! These homes had an average price of $791,228, and  were on the market an average of 122 days. There were 100 status changes in the last week.

NORWALK CT CONDOS:  The 283 condominiums that are available in Norwalk have been  listed an average price of $305,682 and have been on the market an average of 126 days, although the median price of a condo in Norwalk is fairly consistent at $234,450. There are 59 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, and no homes came back on the market. There were nine properties that had a price change. In the last week, eight properties went into CTS status,  and  four  properties went into pending status. CLOSINGS:  There were five condominiums that closed in the last week at an average price of $232,380 and they were on the market an average of 74  days. There were 43 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 117 homes or apartments available. The median monthly price is $1,662 and the average price is $2,581 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 70 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.