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New Milford CT, 06776 Real Estate Market Activity October 2010

November 1, 2010

New Milford CT, 06776 Real Estate Market Activity October 2010

New Milford CT Real Estate

Currently in New Milford, CT there are 279 single family homes on the market. Out of these, 12 are foreclosures.

The average list price of single family homes in New Milford, CT is $435,694. (This is up a bit since last month’s average list price of $424,446.)

The average market time for these active listings in New Milford, CT is 164 days.

The highest price home for sale in New Milford, CT is $5,900,000, a beautiful estate belonging to a world famous comedienne, and located on the New Milford, New Preston, CT border. This home, as of today, has been on the market over 500 days.

The lowest priced home for sale in New Milford, CT is $64,900, a small antique built in 1812, located in the Merryall section of New Milford. This is a foreclosure, and would only be for the cash buyer. It needs a significant amount of work, but is located in such a beautiful area, surrounded by larger estate homes.

Of the 284 single family homes active on the market in New Milford, CT, 26 homes are under deposit. This is up from last month when only 13 homes were under deposit. The average list price of these homes is $316,965, and the average market time is 135 days. This seems to be a good sign to see more homes under deposit again.

Currently there are 22 homes that are in the pending sale status in New Milford, CT. The average list price of these homes is $294,789. The average market time for these homes is 87 days.

Check out the previous home sale market activity report for September, 2010.

September and October showed a slow down in the real estate market, however the number of homes under deposit is up. We are heading into a time of year that is historically slow, but I am curious to see what will close during the month of November, it looks like it may be up as there are a fair amount of homes pending and under deposit.

New Milford CT Real Estate Market Stats October 2010

New Milford CT Market Stats October 2010

Interest rates are at a historic low and housing prices are fantastic. It really is a great time to buy a home in New Milford, CT.

The above statistics are provided courtesy of Greater Fairfield County Multiple Listing Service (CMLS). Information provided is deemed reliable, but not necessarily accurate. There may be discrepancies, as mistakes in inputing can be made, and the fact that Connecticut has more than one multiple listing service. There may be instances where a home was/is for sale in New Milford and is on the other multiple listing service. Most of the homes for sale are listed on CMLS, therefore that is where I base my statistical information. I do believe it gives a good sense of what is happening in New Milford.

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