Norwalk CT Real Estate Market Weekly Update January 3, 2012

NORWALK CT HOMES: Inventory has decreased again in Norwalk with just 320 homes that are actively on the market as of this morning. These homes have been available an average of 147 days and are listed at an average price of $705,193. The median list price in Norwalk is at $407,000.

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

Ten new listings came on the market this week, and one home came back on the market after being under deposit. There were five properties that had a price change. Twelve properties have gone under the initial deposit stage, which we call CTS, and five properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $1,145,955 and their market time was 183 days on average.

TOWNWIDE PENDINGS: There are 45 properties scheduled to close, and their average price is $621,450.

CLOSINGS: Fourteen single family homes were reported sold.  These homes had an average price of $400,686 and  were on the market an average of 124 days. There were 95 status changes in the last week.

NORWALK CT CONDOS:  The 197 condominiums that are available in Norwalk are listed at an average price of $297,687 and have been on the market an average of 132 days. The median price of a condo in Norwalk is $221,950. 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 four new listings this week, and one home came back on the market after being under deposit. There were four properties that had a price change. In the last week, three properties went into CTS status,  and one property went into pending status.

TOWNWIDE PENDINGS: There are 29 properties scheduled to close, and their average price is $353,003.

CLOSINGS:  There were three condominiums that were reported as closed in the last week, and their average list price was $353,267. They were on the market an average of 440 days.  There were 44 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 163 homes or apartments available. The median monthly price is $1,725 and the average price is $2,574 per month. These year round rental opportunities have been on the market an average of 58 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