NAUGATUCK CT-REAL ESTATE MARKET REPORT for JUNE 2015
What does the real estate market look like in Naugatuck, CT? Real estate values in Naugatuck CT have remained between $125k and $175K over the last year. More homes have sold over the last few months that what is typically normal for this time of year, even with prices having risen over the last two months. Pending sales prices and numbers are continuing to prompt sellers to place their homes on the market, even as buyers continue to wait longer to actually make acceptable offers on homes for sale in Naugatuck CT.
There are 190 Naugatuck CT homes for sale, with an average listing price of $200,060, and a median listing price of $179,850.
There are 57 pending sales (under contract), with an average asking price of $167,272, a median asking price of $162,500, and an average of 89 days on market before accepting an offer.
38 homes were sold in Naugatuck CT in the month of June, with an average sales price of $169,482, a median sales price of $153,250, and averaging 127 days on market before accepting an offer. By comparison, in June 2014, 33 homes were sold in Naugatuck, with an average sale price of $159,456, a median sale price of $165,000, and averaging 103 days on market before accepting an offer. This year's figures represent a 6% increase in average sale prices, and a 23% increase in average days on market, from last year.
So, what does this all mean? Sellers expecting to sell their homes quickly must exercise some patience, especially considering that average sale prices continue to fluctuate. Buyers are indeed willing to make offers on homes that they see the value in, but are willing to wait a little longer to find such a home. Consulting with a realtor who knows the Naugatuck CT real estate market, will price your home based on the current market and who will help you present your home in the best possible light is the key to getting your home sold.
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 real estate 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.