Saturday, April 18, 2009

New Milford Weekly Market Watch


April 18, 2009
Week in Review, New Milford, Connecticut

Single Family Homes

The market is definitly showing signs of improvement. Not only in the numbers, but in speaking to other agents, they seem to be MUCH busier than they have been with buyers!

There are currently 268 active single family home listings in New Milford, CT. That is up 4 listing from last week. Lowest price: $100,000. Highest price: $2,100,000, Out of these, 22 are under deposit, that is up by 6 from last week, lowest price $100,00, highest price $629,900. Average list price: $341,634, Average market time: 139 days. (Days on market seems to be coming down!)

There are currently 4 homes that are pending, 4 less than last week. Lowest price: $179,900. Highest price: $384,000. The average list price of these is $281,950, average market time: 103 days.

3 homes are showing as sold, 1 up from last week. 2 of these homes were foreclosures. Average List price $242,967, average sale price: $198,333 average market time, 50 days.

Condominiums

There are currently 81 active condo listings in New Milford, CT, no change from last 2 previous weeks.

Out of these, 7 are under deposit, up 3 from last week, lowest price $98,700, highest price $220,000. The average list price: $153,000, average market time: 78 days. That is down 6 days!

There are currently 2 condos that are pending, down 9 from last week. Lowest price: $89,000, highest price:$135,000. The average list price of these is $112,000. Average market time: 122 days.

1 condo is showing as sold. . Sale price was $125,000, market time was 135 days. This information seems to be off, we will wait to see what happens for next week. There should have been more condos showing as sold.

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

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