Naugatuck Real Estate Sales Report for January 2014
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Currently in Naugatuck CT there are 149 active residential listings for sale, with 17 new listings being added in January. The homes for sale in Naugatuck CT range from a 849 square ft, 2-bedroom bungalow, listed at $29,900 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 $200,961. The average days on market for these homes are 152 days. In addition, there are currently 17 homes under contract in Naugatuck CT, with 3 having going under contract in January.
In January, 12 homes closed in Naugatuck CT. They ranged from a 849 square ft, 2-bedroom bungalow, which sold for $55,000 to a 2,534 square ft, 3-bedroom, colonial which sold for $245,000. The average price for the homes that closed in January in Naugatuck CT was $137,442 with average days on market of 84 days. The closed properties had a Sales price to List price ratio of 96%.
By comparison, there were 19 closings in Naugatuck CT for the month of January 2013, with an average sales price of $143,723 and avg. days on market of 78. This indicates that for January of 2014, there were 40% less homes sold as in January 2013, and at an average price almost 5% lower with more time on market, which would demonstrate a decreased market over that period.
For the year 2013, the market sales or absorption rate was 22 sales per month, with an average sales value of $164,270 and average days on market of 94. 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 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 January 2014
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