What’s My Naugatuck CT Home Worth in September 2014
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Currently in Naugatuck CT there are 219 active residential listings for sale, with 37 new listings being added in September. The homes for sale in Naugatuck CT range from a 850 square ft, 2-bedroom mobile home, listed at $34,900 to a 15,188 square ft, 9-bedroom, English Manor colonial listed at $749,000.
The average list price of the homes currently available for sale in Naugatuck CT is $195,951. The average days on market for these homes are 142 days. In addition, there are currently 21 homes under contract in Naugatuck CT, with 7 having going under contract in September.
In September, 25 homes closed in Naugatuck CT. They ranged from a 1,239 square ft, 3-bedroom REO cape, which sold for $41,000 to a 2,700 square ft, 4-bedroom, colonial which sold for $309,000. The average price for the homes that closed in September in Naugatuck CT was $162,002 with average days on market of 98 days. The closed properties had a Sales price to List price ratio of 96.7%.
By comparison, there were 21 closings in Naugatuck CT for the month of September 2013, with an average sales price of $143,124 and avg. days on market of 76. This indicates that for September of 2014, there were 5 more homes sold as in September 2013, and at an average price almost 12% higher with more time on market, which would demonstrate an increased 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.
For the year first quarter of 2014, the market sales or absorption rate for Naugatuck CT was 12 sales per month, with an average sales value of $136,666 and average days on market of 95.
For the second quarter of 2014, the market sales rate was equivalent to 22 sales per month, with an average sales value of $156,728 and average days on market of 96.
For the third quarter of 2014, the market sales rate was equivalent to 32 sales per month, with an average sales value of $159,785 and average days on market of 77. Using the third quarter absorption rate, the current inventory of homes is equivalent to a 7 month inventory. The current market is still considered a buyer’s market but trending to a neutral 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 be trying to stabilize.
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.
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.
What’s My Naugatuck CT Home Worth in September 2014
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