Naugatuck CT Real Estate Statistics for June 2014
Search for Homes in Naugatuck CT
Currently in Naugatuck CT there are 234 active residential listings for sale, with 50 new listings being added in June. The homes for sale in Naugatuck CT range from a 784 square ft, 2-bedroom mobile home, listed at $29,900 to a 15,188 square ft, 9-bedroom, English Manor colonial listed at $799,000.
The average list price of the homes currently available for sale in Naugatuck CT is $202,627. The average days on market for these homes are 119 days. In addition, there are currently 21 homes under contract in Naugatuck CT, with 8 having going under contract in June.
In June, 31 homes closed in Naugatuck CT. They ranged from a 784 square ft, 2-bedroom mobile home, which sold for $25,000 to a 2,778 square ft, 4-bedroom, colonial which sold for $254,000. The average price for the homes that closed in June in Naugatuck CT was $159,259 with average days on market of 110 days. The closed properties had a Sales price to List price ratio of 95.7%.
By comparison, there were 34 closings in Naugatuck CT for the month of June 2013, with an average sales price of $168,206 and avg. days on market of 82. This indicates that for June of 2014, there were 3 less homes sold as in June 2013, but at an average price almost 6% lower with more time on market, which would demonstrate a decreased market over that period.
For the year 2013, the market sales or absorption rate was 22 sales per month, with an average sales value of $164,270 and average days on market of 94.
For the year first quarter of 2014, the market sales or absorption rate for Naugatuck CT was 12 sales per month, with an average sales value of $136,666 and average days on market of 95.
For the second quarter of 2014, the market sales rate was equivalent to 22 sales per month, with an average sales value of $156,728 and average days on market of 96. Using the second quarter absorption rate, the current inventory of homes is equivalent to a 10+ month inventory. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Naugatuck CT for a 12 month span with strong fluctuations from month to month. The values in Naugatuck CT appear to have not yet 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 evaluating your home for possible sale.
If you would like information on homes for sale in Naugatuck 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 Naugatuck CT.
Naugatuck Real Estate Sales Report for June 2014
Comments(6)