Naugatuck CT Real Estate Statistics for February 2015
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Currently in Naugatuck CT there are 182 active residential listings for sale, with 23 new listings being added in February. The homes for sale in Naugatuck CT range from a 1,504 square ft, 3-bedroom cape, listed at $333,900 to a 15,188 square ft, 9-bedroom, English Manor colonial listed at $749,000.
The average list price of the homes currently available for sale in Naugatuck CT is $184,802. The average days on market for these homes are 164 days. In addition, there are currently 17 homes under contract in Naugatuck CT, with 3 having going under contract in February.
In February, 14 homes closed in Naugatuck CT. They ranged from a 1,496 square ft, 3-bedroom colonial, which sold for $36,000 to a 4,390 square ft, 4-bedroom colonial which sold for $375,000. The average price for the homes that closed in February in Naugatuck CT was $157,605 with average days on market of 104 days. The closed properties had a Sales price to List price ratio of 96%.
By comparison, there were 7 closings in Naugatuck CT for the month of February 2014, with an average sales price of $162,323 and avg. days on market of 86. This indicates that for February of 2015, there were twice as many homes sold as in February 2014, and at an average price almost 3% more with longer days on market, which would demonstrate an increased market for units sold only with longer days on market.
For the year 2014, the market sales or absorption rate was 20 sales per month, with an average sales value of $150,207 and average days on market of 94. Using the 2014 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 Naugatuck CT for a 12 month span with strong fluctuations from month to month. The values in Naugatuck CT appear to be trying to stabilize but are not there as yet.
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.
What’s My Naugatuck CT Home Worth in February 2015
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