2011 Year End Real Estate Market Update for Naugatuck CT

Naugatuck 2011 Mid Value Closed

For the year 2011 in Naugatuck CT, there were 203 residential real estate sales for an average of 16.9 sales per month. This is referred to as the absorption rate. Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is considered a balanced market. Less than 6 months is a sellers’ market and anything over 6 months is a buyers’ market.

The average value for the homes sold in Naugatuck CT for the year was $163,192 with an average days on market of 101. There are currently 171 homes actively listed for sale in Naugatuck CT, which is equivalent to a 10 month inventory is the average sales per month is consistent.

The list price ratio to sales price ratio was 94%, which indicates sellers putting the homes on the market near to fair market value, or finally getting them sold at market value.

The highest value home sold in Naugatuck CT in 2011 was a 8,568 sq ft, 8-bedroom colonial which sold for $425,000.

By comparison, for calendar year 2010, there were 202 residential real estate sales for an average of 16 sales per month, with an average sales price of $182,973 and average days on market of 91. For 2011, there was almost the same number of homes sold at a lower price in almost the same number of days on market.

The highest value home sold in Naugatuck CT in 2010 was a 2,980 sq ft, 4 bedroom colonial home which sold for $440,000.

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.

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.