NAUGATUCK CT-REAL ESTATE MARKET REPORT for JULY 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. Average days on market for both pending sales and average sales are under three months, which is an optimistic sign for sellers expecting a quick sale in Naugatuck CT.
There are 189 Naugatuck CT homes for sale, with an average listing price of $203,328, and a median listing price of $188,900.
There are 73 pending sales (under contract), with an average asking price of $157,007, a median asking price of $150,000, and an average of 50 days on market before accepting an offer.
28 homes were sold in Naugatuck CT in the month of July, with an average sales price of $1149,883, a median sales price of $159,950, and averaging 82 days on market before accepting an offer. By comparison, in July 2014, 25 homes were sold in Naugatuck, with an average sale price of $152,357, a median sale price of $150,000, and averaging 70 days on market before accepting an offer. This year's figures represent a 1.6% decrease in average sale prices, and a 17% increase in average days on market, from last year.
So, what does this all mean? Sellers expecting to sell their homes quickly can do so realistically, but only if their homes are priced correctly. Buyers are indeed willing to make offers on homes that they see the value in, and will do so in a reasonable amount of time. 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 quickly.
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.