BUYER/SELLER ACTION ALERT ***The Spring market is in full bloom, but these ratios are certain not to continue at this wonderfully brisk pace.*** Inventory is not growing fast enough- There are just 288 homes that are on the market in Norwalk.
The currently available homes have been on the market an average of 89 days and have a *cumulative market time of 137 days. They are listed at an average price of $998,823 and the median list price in Norwalk is currently at $622,950.
The highest priced home for sale in the city is listed at $10,950,000 and the lowest priced home available is $189,000.

Thirty-nine new listings came on the market this week, and five homes came back on the market after being under deposit. There were 24 properties that had a price change. Twenty-four properties have gone under the initial deposit stage, which we call CTS, and 12 properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. Their average price was $663,656.

TOWNWIDE DEPOSITS: There are 83 homes under the initial stage of deposit (which we call CTS), and another 82 properties that are scheduled to close, with an average price of $627,474.

CLOSINGS: Nine single family homes were reported as sold in the last seven days. These homes had an average list price of $449,311 and were on the market an average of 86 days. There were 113 status changes in the last week.

NORWALK CT CONDOS: The 139 condominiums that are available in Norwalk are listed at an average price of $352,524 and have been on the market an average of 81 days, with a *cumulative market time of 129 days. The median price of a condo in Norwalkis also up to $287,500. The highest priced condominium for sale in the city is listed at $2,495,000 and the lowest priced condo available is $19,000.

There were 20 new listings this week, and two homes came back on the market after being under deposit. There were 11 properties that had a price change. In the last week, 13 properties went into CTS status, and six properties went into pending status.

TOWNWIDE DEPOSITS: There are 41 properties in CTS status, and 32 pended properties scheduled to close. Their average price is $262,925.

CLOSINGS: There were eight condominiums reported as closed in the last week, and were listed on average at $281,950, and average market time was 88 days. There were 65 status changes for the week.

RENTALS: If you are looking to rent year round, either furnished or unfurnished, there are 98 homes or apartments available. The median monthly price is $1,800 and the average price is $2,209 per month. These year round rental opportunities have been on the market an average of 40 days.

There are two seasonal rentals available at this time, and are listed on average at $5,100. The median price is $5,100, and average market time is 9 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.

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Buying or Selling a Home in Norwalk? Contact us!

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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