Norwalk CT Real Estate Market Weekly Update for January 10, 2012

NORWALK CT HOMES: Inventory is still somewhat low, and there are 335 homes that are actively on the market as of this morning, and you can begin to expect that more homes will be coming on the market in the weeks ahead. These available homes have been on the market an average of 142 days and are listed at an average price of $693,865. The median list price in Norwalk is at $404,000.

The highest priced home for sale in the city is listed at $4,700,000 and the lowest priced home available is $134,900.

Twenty-one new listings came on the market this week, and two homes came back on the market after being under deposit. There were 14 properties that had a price change. Eight properties have gone under the initial deposit stage, which we call CTS, and two properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $272,400 and their market time was 86 days.

TOWNWIDE PENDINGS: There are 42 properties scheduled to close, and their average price is $484,192.

CLOSINGS: Six single family homes were reported sold.  These homes had an average price of $1,373,167 and  were on the market an average of 174 days. There were 70 status changes in the last week.

NORWALK CT CONDOS:  The 205 condominiums that are available in Norwalk are listed at an average price of $296,815 and have been on the market an average of 129 days. The median price of a condo in Norwalk is $222,500. The highest priced condominium for sale in the city is listed at $2,600,000 and the lowest priced condo available is $39,500.

There were fourteen new listings this week, and no homes came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, four properties went into CTS status,  and four properties went into pending status.

TOWNWIDE PENDINGS: There are 28 properties scheduled to close, and their average price is $218,685.

CLOSINGS:  There were five condominiums that were reported as closed in the last week, and their average list price was $928,160. They were on the market an average of 230 days.  There were 46 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 174 homes or apartments available. The median monthly price is $1,737 and the average price is $2,477 per month. These year round rental opportunities have been on the market an average of 59 days.

There are no seasonal rentals available at this time in Norwalk.

Seven Year Annual Norwalk Real Estate Market Recap

2012 Norwalk Real Estate Forecast, Advice and 2011 Recap

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.

If you have a question about buying or selling Real Estate in Norwalk, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy