Norwalk CT - Weekly Real Estate Market Statistics Report - August 8, 2011

NORWALK CT HOMES: The median list price in Norwalk  is $442,450.  As of this morning, there are 475  homes actively on the market. These home have been available an average of 108 days and are listed at an average of $758,707.

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $149,900.

Ten new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were 18 properties that had a price change. This was yet another solid week for deposits, and 14 properties have gone under the initial deposit stage, which we call CTS, and nine properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close.

CLOSINGS:  Nine single family homes were reported sold this past  week.  These homes had an average price of $676,511 and  were on the market an average of 182 days. There were 77 status changes in the last week, which is down almost 25 percent from just a few weeks ago.

NORWALK CT CONDOS:  The 286 condominiums that are available in Norwalk have been  listed an average price of $310,777 and have been on the market an average of 128 days, although the median price of a condo in Norwalk is fairly consistent at $235,900. 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 nine new listings this week, and two homes came back on the market after being under deposit. There were 14 properties that had a price change. In the last week, four properties went into CTS status,  and three properties went into pending status. CLOSINGS:  There were five condominiums that closed in the last week, and they were listed at an average price of $312,401 and  were on the market for an average of 51  days. There were 56 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 52 homes or apartments available. The median monthly price is $3,000 and the average price is $4,778 per month. These year round rental opportunities have been on the market an average of 40 days.

There are three seasonal rentals available throughout Norwalk, and they have been on the market an average of 84 days, and at an average price of $9,583. The median  price of both furnished and unfurnished seasonal rentals is  $7,875.

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.