Naugatuck CT Real Estate Sales Report for June 2013
Currently in Naugatuck CT there are 181 active residential listings for sale, with 45 new listings being added in June. The homes for sale in Naugatuck CT range from a 832 square ft, 1-bedroom mobile home, listed at $19,900 to a 3,201 square ft, 4-bedroom, colonial listed at $599,900.
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The average list price of the homes currently available for sale in Naugatuck CT is $196,579. The average days on market for these homes are 116 days. In addition, there are currently 16 homes under contract in Naugatuck CT, with 2 having going under contract in June.
In June, 34 homes closed in Naugatuck CT. They ranged from a 1,322 square ft, 3-bedroom colonial, which sold for $34,000 to a 2,862 square ft, 3-bedroom ranch which sold for $280,000. The average price for the homes that closed in June in Naugatuck CT was $168,206 with an average days on market of 82 days. The closed properties had a Sales price to List price ratio of 96.7%.
By comparison, there were 18 closings in Naugatuck CT for the month of June 2012, with an average sales price of $166,383 and avg. days on market of 131. This indicates that for June of 2013, there were almost twice as many homes sold compared to June 2012, at an average price almost identical with less time on market, which would demonstrate an improved market for increase in numbers sold 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. For the second quarter of 2013, the market sales or absorption rate for Naugatuck CT was 25 sales per month, with an average sales value of $166,473 and average days on market of 97.
This would project that the current inventory of homes is equivalent to a 7+ month inventory, which is a still 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 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 June 2013
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