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Market Reports September October 2009

December 4, 2009

New Milford Connecticut Market Watch, Real Estate Statistics for New Milford CT.

Current Activity in New Milford CT:

Active Single Family Home Listings
249 homes
Average List Price: $491,875, Minimum Price: $65,000, Maximum Price: $5,900,0000
Average Market Time
151 days

Homes Under Deposit
13 homes
Average List Price: $333,692, Minimum Price: $179,000, Maximum Price: $569,900
Average Market Time
106 days

Homes in Pending Sale Status
17 homes
Average List Price: $352,906, Minimum Price: $79,200, Maximum Price: $1,475,000
Average Market Time
110 days

Although the following statistics say that the average sale price has continued to drop, we are seeing more activity as evidenced by the home that are currently in the “under deposit” and “pending” status. Most of the activity that agents have noted is the first time home buyer market. Pricing well is KEY, as well as preparing a home to enter the market! We are seeing an increase in foreclosures and short sales, we are a bit behind other parts of the country with this. I am thinking we have only just begun in this aspect.

September 2008/September 2009 Sales, New Milford, CT


October 2008/October 2009 Sales, New Milford, CT


Information is deemed reliable but not necessarily accurate, all statistics are gathered from the Greater Fairfield County Multiple Listing Service. (CMLS).

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