Naugatuck CT Real Estate Statistics for May 2104
Currently in Naugatuck CT there are 227 active residential listings for sale, with 51 new listings being added in May. The homes for sale in Naugatuck CT range from a 2,009 square ft, 4-bedroom colonial needing complete re-hab, listed at $29,000 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 $205,585. The average days on market for these homes are 114 days. In addition, there are currently 24 homes under contract in Naugatuck CT, with 6 having going under contract in May.
In May, 17 homes closed in Naugatuck CT. They ranged from a 936 square ft, 3-bedroom ranch, which sold for $88,000 to a 2,676 square ft, 4-bedroom, colonial which sold as a short sale for $283,000. The average price for the homes that closed in May in Naugatuck CT was $170,782 with average days on market of 63 days. The closed properties had a Sales price to List price ratio of 95.5%.
By comparison, there were 23 closings in Naugatuck CT for the month of May 2013, with an average sales price of $177,300 and avg. days on market of 60. This indicates that for May of 2014, there were 6 less homes sold as in May 2013, but at an average price almost 5% lower with slightly 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 10 month inventory, which is 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 evaluating your home for possible sale.
Naugatuck Real Estate Sales Report for May 2014