Naugatuck Real Estate Sales Report for September 2013
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Currently in Naugatuck CT there are 181 active residential listings for sale, with 32 new listings being added in September. The homes for sale in Naugatuck CT range from a 728 square ft, 1-bedroom mobile home, listed at $37,500 to a 15,188 square ft, 9-bedroom, English Manor colonial listed at $799,000.
The average list price of the homes currently available for sale in Naugatuck CT is $203,697. The average days on market for these homes are 111 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 5 having going under contract in September.
In September, 18 homes closed in Naugatuck CT. They ranged from a 940 square ft, 3-bedroom mobile home, which sold for $37,700 to a 1,771 square ft, 3-bedroom new construction raised ranch which sold for $271,000. The average price for the homes that closed in September in Naugatuck CT was $145,061 with an average days on market of 76 days. The closed properties had a Sales price to List price ratio of 95.6%.
By comparison, there were 18 closings in Naugatuck CT for the month of September 2012, with an average sales price of $182,739 and avg. days on market of 102. This indicates that for September of 2013, there were the same number of homes sold as in September 2012, but at an average price almost 25% lower with less time on market, which would demonstrate an unstable market.
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.
For the third quarter of 2013, the market sales or absorption rate for Naugatuck CT was 23 sales per month, with an average sales value of $164,853 and average days on market of 89.
This would project that the current inventory of homes is equivalent to an 8 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 appear to 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 Real Estate Sales Report for September 2013
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