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New Milford CT 06776 Real Estate Market Activity April 2011

May 3, 2011

New Milford CT Real Estate

How’s the real estate market in New Milford, CT? Check it out.

Currently in New Milford, CT there are 270 single family homes for sale. of these, 6 are foreclosures. 

18 single family homes sold in New Milford, CT in April 2011. This is 6 more than last month. Of these homes that sold, the average list price was $264,456. The average sale price was $251,708. We seem to be on the rise again for the amount of homes sold in New Milford, CT, although the average sale price is down quite a bit from last month (March 2011), which was $378,833. 3 of the sales in April were foreclosures.

The average list price of single family homes for sale in New Milford, CT is $462,959.

The average market time for these active listings in New Milford, CT is 145 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 for over 2 years.

The lowest priced home for sale in New Milford, CT is $70,000, a foreclosure in a Candlewood Lake community. I know this home has serious issues with the well. This home is also under deposit at this moment in time. It will be a cash buyer, if the property closes.

Of the 270 single family homes for sale in New Milford, CT, 18 homes are under deposit. The average list price of these homes is $286,660, the average market time is 157 days. 2 of these homes are foreclosures.

Currently there are 23 homes that are in the pending sale status in New Milford, CT. The average list price of these homes in the pending sale status is $320,639, 3 of these are foreclosures. The average market time for these homes is 156 days.

What does all of this mean? We are seeing more homes available for sale, and more sales closed. The predictions are the dollar amount will continue a downward trend. We are seeing increased sales activity, all geared towards homes that are priced well according to not only the condition of the home, but the condition of our local real estate market here in New Milford, CT.

HOMES SOLD MONTH TO MONTH NEW MILFORD CT

New Milford CT Real Estate

New Milford CT Real Estate

Check out the previous home sale market activity report for March, 2011.

Interest rates are still low, housing prices are low, if you are ready to buy a home in New Milford, CT.

Click here to search for homes for sale in New Milford.

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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