Norwalk CT Real Estate Market Report Week of May 22, 2012

NORWALK CT HOMES:  The Norwalk market remains uncertain, even in the traditional spring market. The concern is the amount of home sales that continue to fall through.  There are now 458 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 $729,058, and the median list price in Norwalk is $429,450.

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

Sixteen new listings came on the market this week, and five homes came back on the market after being under deposit. There were 18 properties that had a price change. Twenty-one  properties have gone under the initial deposit stage, which we call CTS, and 22 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $394,000.

TOWNWIDE PENDINGS: There are 92 properties scheduled to close, and their average price is $514,182.

CLOSINGS: Ten single family homes were reported as sold in the last seven days. These homes had an average list price of $1,245,890 and were on the market an average of 61 days. There were 102 status changes in the last week.

NORWALK CT CONDOS: The 225 condominiums that are available in Norwalk are listed at an average price of $296,231 and have been on the market an average of 132 days. The median price of a condo in Norwalk is $224,950. 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 12 new listings this week, and no homes came back on the market after being under deposit. There were nine properties that had a price change. In the last week, 13 properties went into CTS status, and nine properties went into pending status. Their average list price was $216,200.

TOWNWIDE PENDINGS: There are 39 properties scheduled to close, and their average price is $238,874.

CLOSINGS: There were three condominiums that were reported as closed in the last week, and they were listed on average at $292,500.  Average market time was 127 days. There were 53  status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 148 homes or apartments available. The median monthly price is $1,675 and the average price is $2,149 per month. These year round rental opportunities have been on the market an average of 37 days.

There are five seasonal rentals available at this time, and are listed on average at $8,180. The median price is $4,700, and  average market  time is 24 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.

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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