Naugatuck CT Real Estate Statistics for December 2015
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Currently in Naugatuck CT there are 149 active residential listings for sale, with 26 new listings being added in December. The homes for sale in Naugatuck CT range from a 928 square ft, 2-bedroom mobile home, listed at $54,900 to a 15,188 square ft, 9-bedroom English Manor Home listed at $749,000.
The average list price of the homes currently available for sale in Naugatuck CT is $195,660. The average days on market for these homes are 168 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 7 having going under contract in December.
In December, 23 homes closed in Naugatuck CT. They ranged from a 1,285 square ft, 3-bedroom cape, which sold for $37,500 to a 2,673 square ft, 4-bedroom colonial which sold for $331,000. The average price for the homes that closed in December in Naugatuck CT was $156,951 with average days on market of 98 days. The closed properties had a Sales price to List price ratio of 93%.
By comparison, there were 20 closings in Naugatuck CT for the month of December 2014, with an average sales price of $132,838 and avg. days on market of 117. This indicates that for December of 2015, there was 3 more homes sold than in December 2014, and at an average price almost 11% greater with less days on market, which would demonstrate an improving neutral market with regards to units sold and value.
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 first quarter of 2015, 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.
For the second quarter of 2015, the market sales or absorption rate for Naugatuck CT was 30 sales per month, with an average sales value of $156,153 and average days on market of 118.
For the third quarter of 2015, the market sales or absorption rate for Naugatuck CT was 30 sales per month, with an average sales value of $149,795 and average days on market of 81.
For the fourth quarter of 2015, the market sales or absorption rate for Naugatuck CT was 26 sales per month, with an average sales value of $150,728 and average days on market of 84.
This rate with the current inventory would be a 6 month absorption rate. The current market is considered a neutral 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 improving over the last third of the year.
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 December 2015
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