Weekly Norwalk Market Statistics 2/2/11

HOMES: There are currently 349 homes on the market for an average of 788,088 that have been on the market 129 days. There were 14  new listings and 10 home came back on the market after being under deposit.  It may appear that there is lots of added inventory this week, but more properties went under deposit that were newly listed. 10  Properties had a price change. In the last week,  10 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 10 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 9 properties that closed in the last week had an average price of 394,411 and were on the market an average of 148 days.

CONDOS: There are currently 209 condominiums on the market listed at an average price  of 329,970 and they have been on the market  an average of 143 days. There were 5  new listings and 1 property came back on the market. 5  Properties had a price change. In the last week,  5 properties went into CTS status,  and 3 properties went into pending status. The 5 properties  that closed in the last week had an average price of 344,050 and were on the market  an average of 171 days.