Waterbury CT Real Estate Sales Report for May 2013
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Currently in Waterbury CT there are 447 active residential listings for sale, with 101 new listings being added in May. The homes for sale in Waterbury CT range from a 1,710 square ft, 3-bedroom colonial needing repairs listed at $18,180 to a 1,889 square ft, 3-bedroom, Federalist colonial, on 16 acres listed at $500,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $130,122. The average days on market for these homes is 129 days.
There are currently 105 homes under contract in Waterbury CT, with 39 having gone under contract in May.
In May, 47 homes closed in Waterbury CT. They ranged from a 1,316 square ft, 3-bedroom, REO colonial that sold for $10,860 to a 2,028 square ft, 3-bedroom raised ranch that sold for $225,000. The average price for the closed properties was $95,815 with average DOM of 91 days.
For a comparison, there were 48 closings in Waterbury CT for the month of May 2012, with an average price of $91,725 and avg. days on market of 93. This shows that for May of 2013, there was an equal number of homes sold, with an average increase of almost 5% in sales prices and almost the same number of days on market.
For the year of 2012, the market sales or absorption rate in Waterbury CT was 46 sales per month, with an average sales value of $98,000 and average days on market of 103.
For the first quarter of 2013, the market sales rate was equivalent to 35 sales per month, which is 25% lower than the value for 2012. Using the same absorption rate, the current inventory of homes is equivalent to a 13 month inventory. The current market is still considered a very strong buyer’s market.
The graph demonstrates the average monthly sales value in Waterbury CT for 2013 with strong fluctuations from month to month. The values in Waterbury CT have still not stabilized.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.
If you would like information on homes for sale in Waterbury CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Waterbury CT.
Waterbury CT Real Estate Sales Report for May 2013
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