What’s My Waterbury CT Home’s Value December 2018
Currently in Waterbury CT there are 212 active residential listings for sale, with 57 new listings being added in December 2018. The homes for sale in Waterbury CT range from a 1,118 square ft, 2-bedroom cape listed at $23,900 to a 2,562 square ft, 5-bedroom colonial listed at $425,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $138,096. The average days on market for these homes are 94 days. There are currently 79 homes under contract in Waterbury CT.
In December 2018, 51 homes closed in Waterbury CT. They ranged from a 1,264 square ft, 3-bedroom Colonial, which sold for $30,000 to a 3,396 square ft, 4-bedroom colonial that sold for $315,000. The average price for the closed properties was $125,047 with average DOM of 62 days.
For a comparison, there were 57 closings in Waterbury CT for the month of December 2017, with an average price of $109,737 and avg. days on market of 74. This shows that for December of 2018, there were 6 less homes sold than in the same period the previous year, with a 13% average increase in value and less days on market.
For the year 2017, the market sales or absorption rate was 64 sales per month, with an average sales value of $105,358 and an average of 58 days on market.
For the year 2018, the market sales or absorption rate was 67 sales per month, with an average sales value of $117,240 and an average of 56 days on market. This represents an overall increase in value of 8% over the previous year which is a positive for values in Waterbury CT.
With this rate and the current inventory, there would be a 3+ month absorption rate, which is a strong seller's. The Waterbury CT real estate market is showing a positive improvement in values.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT are showing some signs of stabilizing, along with an increase in values over the previous year.
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 your sale.
December 2018 Real Estate Sales Report for Waterbury CT