Naugatuck CT Real Estate Sales Report for May 2013

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
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Naugatuck CT Real Estate Sales Report for May 2013

Naugatuck CT May 213 Mid Value Act

Currently in Naugatuck CT there are 183 active residential listings for sale, with 25 new listings being added in May. The homes for sale in Naugatuck CT range from a 832 square ft, 1-bedroom mobile home, listed at $19,900 to a 15,188 square ft, 9-bedroom, English Tudor Estate listed at $849,900.

 

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The average list price of the homes currently available for sale in Naugatuck CT is $205,427. The average days on market for these homes are 124 days. In addition, there are currently 25 homes under contract in Naugatuck CT, with 1 having going under contract in May.

Naugatuck CT May 2013 Mid Value Closed

In May, 21 homes closed in Naugatuck CT. They ranged from a 924 square ft, 2-bedroom mobile home, which sold for $42,000 to a 3,156 square ft, 4-bedroom colonial which sold for $395,000. The average price for the homes that closed in May in Naugatuck CT was $180,748 with an average days on market of 63 days.  The closed properties had a Sales price to List price ratio of 97.2%.

By comparison, there were 28 closings in Naugatuck CT for the month of May 2012, with an average sales price of $163,217 and avg. days on market of 89. This indicates that for May of 2013, there were almost 33 fewer homes sold compared to May 2012, at an average price almost 10% higher with less time on market, which would demonstrate an improved market for increase in value only.

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.

For the first quarter of 2013, the market sales or absorption rate for Naugatuck CT was 17 sales per month, with an average sales value of $160,051 and average days on market of 97. This would project that the current inventory of homes is equivalent to a 10+ month inventory, which is a still a strong buyer’s market.

Naugatuck CT Market Statistics

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 have not yet stabilized in value.

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 May 2013

 

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Ed Silva  RE/MAX Professionals,   203-206-0754

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Rainmaker
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David Saks
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Thanks for sharing this valuable information. Hopes for your continued success.

Jun 29, 2013 08:05 PM #1
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