Naugatuck CT Real Estate Statistics for March 2015
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Currently in Naugatuck CT there are 198 active residential listings for sale, with 36 new listings being added in March. The homes for sale in Naugatuck CT range from a 720 square ft, 2-bedroom mobile home, listed at $35,900 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 $192,677. The average days on market for these homes are 149 days. In addition, there are currently 27 homes under contract in Naugatuck CT, with 10 having going under contract in March.
In March, 21 homes closed in Naugatuck CT. They ranged from a 1,449 square ft, 3-bedroom REO colonial, which sold for $45,000 to a 2,350 square ft, 4-bedroom colonial which sold for $267,000. The average price for the homes that closed in March in Naugatuck CT was $154,505 with average days on market of 87 days. The closed properties had a Sales price to List price ratio of 96.3%.
By comparison, there were 15 closings in Naugatuck CT for the month of March 2014, with an average sales price of $129,093 and avg. days on market of 110. This indicates that for March of 2015, there were 6 additional homes sold as in March 2014, and at an average price almost 16% more with less days on market, which would demonstrate an increased market for units sold, value and less time on marekt. This shows an improving 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.
For the year first quarter of 2014, the market sales or absorption rate for Naugatuck CT was 16 sales per month, with an average sales value of $156,867 and average days on market of 109. This rate with the inventory would be a 12+ month absorption rate. 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 March 2015
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