Naugatuck CT Real Estate Statistics for January 2015
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Currently in Naugatuck CT there are 182 active residential listings for sale, with 23 new listings being added in January. The homes for sale in Naugatuck CT range from a 1,496 square ft, 3-bedroom REO colonial, listed at $32,500 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 $181,659. The average days on market for these homes are 164 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 7 having going under contract in January.
In January, 12 homes closed in Naugatuck CT. They ranged from a 720 square ft, 2-bedroom mobile home, which sold for $35,000 to a 2,000 square ft, 3-bedroom, new construction colonial which sold for $325,000. The average price for the homes that closed in January in Naugatuck CT was $160,142 with average days on market of 154 days. The closed properties had a Sales price to List price ratio of 96%.
By comparison, there were 14 closings in Naugatuck CT for the month of January 2014, with an average sales price of $131,951 and avg. days on market of 84. This indicates that for January of 2015, there were 2 less homes sold the than in January 2014, and at an average price almost 30% more with longer days on market, which would demonstrate an decreased market for units sold only with longer days on market.
For the year 2014, the market sales or absorption rate was 20 sales per month, with an average sales value of $150,207 and average days on market of 94. Using the 2014 absorption rate, the current inventory of homes is equivalent to a 9+ month inventory. The current market is still considered 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 be trying to stabilize but are not there as yet.
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 January 2015
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