New Milford, CT - October, 2007 Real Estate Market Report

New Milford, Connecticut Real Estate Update
October, 2007

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 15 single family home sales closed in New Milford, CT.
List Prices ranged from $179,900 - $995,000.
Closed Sales Prices ranged from $165,000 - $962,500.

The average closed real estate sales price for single family homes in New Milford was $445,820.
The median closed sales price was $379,900.
On average, these homes sold for 95.4% of their final list price.
Days on Market ranged from 62 - 475 days, with the average being 272 days of market time.

This compares to 23 single family homes closed in October, 2006, with an average closed sales price of $386,508 and a median closed sales price of $336,000.

Condos:
There were 5 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $183,000.
The median closed sales price was $180,000.
On average, these homes sold for 96.8% of their list price.

This compares to 9 condos closed in October, 2006, with an average closed sales price of $200,133 and a median closed sales price of $196,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 268 single family homes for sale in New Milford, CT.
List Prices range from $181,500 for a small fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 94 condos available for sale in New Milford, CT.
List prices range from $74,900 for a studio unit to $539,900 for a detached unit in an active-adult community.

New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County.  The town borders the northeastern shores of Candlewood Lake.  Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities.  New Milford enjoys a population of about 28,000 residents.