Naugatuck CT Real Estate Sales Report for February 2013
Currently in Naugatuck CT there are 165 active residential listings for sale, with 17 new listings being added in February. The homes for sale in Naugatuck CT range from a 726 square ft, 2-bedroom mobile home, listed at $19,900 to a 15,188 square ft, 9-bedroom, English <amor Estate listed at $849,900.
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The average list price of the homes currently available for sale in Naugatuck CT is $206,265. The average days on market for these homes are 177 days. In addition, there are currently 26 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 1,248 square ft, 3-bedroom REO colonial, which sold for $30,000 to a 3,809 square ft, 4-bedroom colonial which sold for $310,000. The median price for the homes that closed in February in Naugatuck CT was $161,629 with an average days on market of 127 days. The closed properties had a Sales price to List price ratio of 94.5%.
By comparison, there were 11 closings in Naugatuck CT for the month of February 2012, with an average sales price of $130,600 and avg. days on market of 133. This indicates that for February of 2013, there were slightly more homes sold compared to February 2012, at an average price almost 20% higher with slightly less time on market, which would demonstrate an improved market for number of units and an increase in value.
For the year 2012, the market sales or absorption rate was 18 sales per month, with an average sales value of $156,902 and average days on market of 118. Using the same 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 2012 with strong fluctuations from month to month. The values in Naugatuck CT have not yet stabilized.
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 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.
Naugatuck CT Real Estate Sales Report for February 2013
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