Norwalk Connecticut Real Estate Market Trends - June 2012

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Real Estate Agent with William Raveis Real Estate RES.0772823

 

NORWALK

Market Trends Report

June 2012

 

Norwalk Real Estate Market Trends June 2012

Norwalk, Connecticut had a good Spring real estate market.  All of the 3 and 6 month market trend indicators are heading in a more balanced market direction. Most importantly for both the 3 month and 6 month trends the number of sales and sale prices are increasing (with the exception of the 3 month Average List Price).  Prices are higher than a year ago.  This is good news.

However, Norwalk is still a Buyer's Market with 12.8 months of inventory.  We use the 12 month figure for absorption analysis.  The indicators are moving in the right direction and we hope to see a more balanced market soon.

Thinking of buying or selling in Norwalk, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.

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