NAUGATUCK CT-REAL ESTATE MARKET REPORT for JANUARY 2014
What does the real estate market look like in Naugatuck, CT? Well, this year started off quite differently than from how last year ended, with lower average sale prices and volume than last year. The good thing about January for Naugatuck sellers is that pending prices have remained relatively constant over the past three months, so there is some hope for homeowners who are considering selling their home in the upcoming months.
There are 123 Naugatuck CT homes for sale, with an average listing price of $208,174, and a median listing price of $194,900.
There are 29 pending sales (under contract), with an average asking price of $165,102 and a median asking price of $149,000.
12 homes were sold in Naugatuck CTin the month of January, with anaverage sales price of $137,442 and a median sales price of $128,750. By comparison, in January 2013, 19 homes were sold in Naugatuck, with an average sale price of $143,723 and median sale price of $155,000.
The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
Go to Naugatuck CT Real Estate - Market Update to see prior Naugatuck CT market reports.
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For more details about the Naugatuck CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Naugatuck CT homes for sale.