Norwalk CT Market Report October 2011 Sales

Norwalk CT Market Report October 2011 Sales

The real estate market for October in Norwalk CT has been fairly steady in its sales for the past four years, excepting one spike in sales in 2009.

October 2011 recap:

Total home sales for the month: 49
Average Days on the Market: 139
Low value of $100,000 for a Victorian.
High value of $940,000 for a farmhouse.
Average sold price of $358,846.
Median price of $341,000.
Average list price was $382,657.
Actual purchase price was an average of 6.3% off of the list price.

49 Norwalk homes have been sold in the past month:

• 6 homes sold under $500,000
• 43 homes sold for between $500,000-$1M
• 0 homes sold for under $1M - $1.5M
• 0 homes sold for under $1.5M - $2M
• 0 homes sold for under $2M and over

My goal in sharing these Norwalk real estate market reports with you is to give a better understanding of the number of Norwalk homes for sale, price range of homes sold and real estate market trends month to month for the Norwalk neighborhoods in which you may be considering buying or selling.

If you are a Norwalk home seller, it gives you information on recent home sales. Determining current value of Norwalk real estate is key to pricing a home to sell in today's market. My web site will give you very specific information as you search CT real estate for sale especially as a buyer.

Norwalk continues to have a large supply of homes for sale and they are selling slowly.
There were 74 homes in pending status in Norwalk on October 31st. The home absorption rate for Norwalk homes for sale indicates we still have a buyers' market.

Buyers continue to search for Norwalk homes and if you want a local realtor specialist to guide you in this market, please give me a call at 203-762-1700.