May 2015 Real Estate Market Statistics for Waterbury CT
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Currently in Waterbury CT there are 453 active residential listings for sale, with 150 new listings being added in May. The homes for sale in Waterbury CT range from a 1,779 square ft, 4-bedroom REO colonial listed at $21,200 to a 2,200 square ft, new construction 3-bedroom, raised ranch listed at $379,000. 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 $123,806. The average days on market for these homes are 93 days.
There are currently 76 homes under contract in Waterbury CT, with 33 having gone under contract in May.
In May 2015, 46 homes closed in Waterbury CT. They ranged from a 1,024 square ft, 2-bedroom row house, which sold for $17,500 to a 2,396 square ft, 4-bedroom ranch that sold for $252,000. The average price for the closed properties was $95,608 with average DOM of 93 days.
For a comparison, there were 59 closings in Waterbury CT for the month of May 2014, with an average price of $83,346 and avg. days on market of 72. This shows that for May of 2015, there were 13 less homes sold than the same period the previous year, but with a 10% increase in value and more days on market.
For the year 2014, the market sales or absorption rate was 51 sales per month, with an average sales value of $92,025 and average days on market of 87.
For the year first quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 43 sales per month, with an average sales value of $89,252 and average days on market of 89. With the current inventory of homes, this is equivalent to 42 sales per month. With the current number of homes on the market, the absorption rate equates to an 10+ month inventory. The Waterbury CT real estate market is showing some small signs of improvement.
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 and are still showing strong month to month fluctuations.
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.
May 2015 Real Estate Sales Report for Waterbury CT
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