Fairfield County Homes for Sale: Norwalk Connecticut Real Estate Market Trends - October 2012

Norwalk Connecticut Real Estate Market Trends - October 2012

NORWALK

Market Trends

October 2012


Norwalk Connecticut Real Estate Trends - October 2012

Norwalk is still in a Buyer’s Market but the indicators over the past six months were pointing towards a more balanced market.  Over the past three months the indicators are moving back towards a stronger Buyer's Market.  The ratio of List to Sales Price is good at 95%.  However, prices have declined over the past three months, so signals of a recovery are mixed.  There are fewer sales at the high end of the market.

Over the past 12 months 9 homes over $2 million have sold, but in the past three months ony one home over $2 million has sold.  The lowest sale over the past 12 months was $85,000 and the highest sale was $4.6 million.  The median sale price was $415,000.

What homes are most in demand by buyers in Norwalk?  The sweet spot in the market is for 3 bedroom homes with a list price of $425,000-450,000.  They tend to be on the market 116 days and sell for 95% of list price.  

 

Norwalk Inventory

Norwalk Connecticut Real Estate Inventory - October 2012

Norwalk Sales

Norwalk Connecticut Real Estate Sales - October 2012

 

 

Click on icons below to go to Black Rock Real Estate and Black Rock Community websites as well as social media sites:

 

                                 

 

 Active Rain Subscribe to Blog         FaceBook Black Rock CT         Twitter Gail Robinson         Flickr Gail Robinson        ActiveRain Pinterest Icon     ActiveRain YouTube Icon

 

Recent awards:

 

                    

Comment balloon 0 commentsGail Robinson • November 13 2012 08:03PM

Comments

This blog does not allow anonymous comments