Norwalk CT Real Estate Market Weekly Update December 6, 2011

NORWALK CT HOMES: Norwalk continues its seasonal inventory slide and as of this morning, there are just 380 homes that are actively on the market. These homes have been available an average of 138 days and are listed at an average price of $703,352. The median list price in Norwalk is at $409,900.  

The highest priced home for sale in the city is listed at $5,975,000 and the lowest priced home available is $139,900.  

Fifteen new listings came on the market this week, and two homes  came back on the market after being under deposit.  There were thirteen properties that had a price change. Five properties have gone under the initial deposit stage, which we call CTS, and eight properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $518,238 and their  market time was 168 days on average.

TOWNWIDE PENDINGS: There are 45 properties scheduled to close, and their average price is $563,118.

CLOSINGS:  Ten single family homes were reported sold.  These homes had an average price of $501,270 and  were on the market an average of 122 days. There were 85 status changes in the last week.

NORWALK CT CONDOS:  The 239 condominiums that are available in Norwalk are listed at an average price of $301,435 and have been on the market an average of 133 days. The median price of a condo in Norwalk is $229,000. 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 eight new listings this week, and one home came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, three properties went into CTS status,  and three properties went into pending status.

TOWNWIDE PENDINGS: There are 22 properties scheduled to close, and their average price is $397,827.

CLOSINGS:  There were seven condominiums  that were reported as closed in the last week, and their average list price was $231,825. They were on the market an average of 136 days.  There were 56 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 168 homes or apartments available. The median monthly price is $1,762 and the average price is $2,628 per month. These year round rental opportunities have been on the market an average of 50 days.
There are no seasonal rentals available at this time in Norwalk.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included.

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

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