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New Milford CT Weekly Real Estate Market Update May 2, 09

May 4, 2009

New Milford Market Watch

 

Weekly Market Update, May 2, 2009

Single Family Homes

We are still seeing signs of improvement!

There are currently 273 active single family home listings in New Milford, CT. That is down 1 listing from last week. Lowest price: $100,000, average list price: $488,298, average days on market, 127. Highest price: $6,500,000. Out of these, 21 are under deposit, that is down 1 from last week, lowest price $100,00, highest price $550,000. Average list price: $328,324, Average market time: 103 days. (Days on market still coming down!)

There are currently 18 homes that are pending, 9 more than last week. Lowest price: $179,900, highest price: $629,900. Average list price: $317,197. Average market time: 130 days.

3 homes are showing as sold, same for the third week in a row. Average List price $419.933, average sale price: $399,500, average market time, 113 days.

Condominiums

There are currently 77 active condo listings in New Milford, CT, this is 11 more than last week. Lowest price: $62,900. Highest price: $532,900. Average market time, 170 days.

Out of these, 7 are under deposit, same as the last 2 weeks, lowest price $98,700, highest price $169,000. The average list price: $146,800, average market time: 63 days. The days on market have dropped significantly!

There are currently 12 condos that are pending, up 1 from last week. Lowest price: $89,000, highest price: $400,000. The average list price of these is $173,117. Average market time: 119 days.

condos are showing as sold. Average list price: $151,633. Average sale price: $146,000, market time was 91 days.

(The above information is only as good as the agents who list the properties. If the information is not entered into the multiple listing service in a timely manner, or incorrectly this will skew the data. However, I do believe it to be a fairly accurate assessment of the current real estate market in New Milford.)

Are you looking to buy or sell in the greater New Milford area? Give me a call at 203.460.1775, sign up for a listingbook account to search the area MLS, or send me an email to andrea@andreaswiedler.com. I would be happy to discuss your options.

Information provided by the Greater Fairfield County CMLS. Information deemed reliable, but not necessarily accurate.

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