Norwalk CT Real Estate Market Report Week of May 15, 2012

NORWALK CT HOMES:  The Norwalk market remains uncertain, even in the traditional spring market. There are now 457 homes that are actively on the market. The currently available homes have been on the market an average of 106 days and are listed at an average price of $722,732, and the median list price in Norwalk is $426,938.

The highest priced home for sale in the city is listed at $5,395,000 and the lowest priced home available is $108,900.

Twenty-nine new listings came on the market this week, and three homes came back on the market after being under deposit. There were 14 properties that had a price change. Twenty-seven  properties have gone under the initial deposit stage, which we call CTS, and  15 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $606,247.

TOWNWIDE PENDINGS: There are 83 properties scheduled to close, and their average price is $630,586.

CLOSINGS: Twelve single family homes were reported as sold in the last seven days. These homes had an average list price of $868,050 and were on the market an average of 109 days. There were 116 status changes in the last week.

NORWALK CT CONDOS: The 220 condominiums that are available in Norwalk are listed at an average price of $288,852 and have been on the market an average of 136 days. The median price of a condo in Norwalk is $217,499. The highest priced condominium for sale in the city is listed at $2,500,000 and the lowest priced condo available is $35,500.

There were four new listings this week, and one home came back on the market after being under deposit. There were 10 properties that had a price change. In the last week, seven properties went into CTS status, and eight properties went into pending status. Their average list price was $227,963.

TOWNWIDE PENDINGS: There are 36 properties scheduled to close, and their average price is $246,297.

CLOSINGS: There were two condominiums that were reported as closed in the last week, and they were listed on average at $157,450.  Average market time was 155 days. There were 33  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 155 homes or apartments available. The median monthly price is $1,650 and the average price is $2,246 per month. These year round rental opportunities have been on the market an average of 43 days.

There are three seasonal rentals available at this time, andare listed on average at $7,300. The median price is $3,450, and  average market  time is 11 days. PLEASE NOTE: Seasonal rental prices are sometimes listed as the price for the entire term, and not as monthly rental figures

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.

Buying or Selling a Home in Norwalk? We'd love to represent you.

Please visit our main  site at

www.CThomesAndRealEstate.com

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