July 2014 Real Estate Market Statistics for Waterbury CT
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Currently in Waterbury CT there are 533 active residential listings for sale, with 133 new listings being added in July. The homes for sale in Waterbury CT range from a 1,886 square ft, 5-bedroom colonial needing complete re-hab, listed at $30,000 to a 2,300 square ft, new construction 3-bedroom, ranch listed at $399,900. 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 $126,772. The average days on market for these homes are 109 days.
There are currently 87 homes under contract in Waterbury CT, with 30 having gone under contract in July.
In July, 13 homes closed in Waterbury CT. They ranged from a 1,546 square ft, 3-bedroom, ranch needing re-hab, that sold for $21,000 to a 1,144 square ft, 3-bedroom raised ranch that sold for $189,900. The average price for the closed properties was $87,423 with average DOM of 88 days.
For a comparison, there were 44 closings in Waterbury CT for the month of July 2013, with an average price of $92,561 and avg. days on market of 84. This shows that for July of 2014, there were significantly fewer homes sold than the previous July, with a 5% drop in average sales price and slightly less days on market. The Waterbury CT real estate market is showing little sign of improvement.
For the year of 2013, the market sales or absorption rate in Waterbury CT was 47 sales per month, with an average sales value of $99,640 and average days on market of 103.
For the first quarter of 2014, the market sales rate was equivalent to 39 sales per month, which is 15% lower than the average value for 2013.
For the second quarter of 2014, the market sales rate was equivalent to 56 sales per month, which is 20% greater than the average value for 2013. Using the second quarter absorption rate, the current inventory of homes is equivalent to a 9+ month inventory. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT have not yet started to stabilize.
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.
July 2014 Real Estate Sales Report for Waterbury CT
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