Litchfield County real estate information, local events and more.

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New Milford CT Weekly Real Estate Market Update

Week in Review

April 24, 2009 Week in Review, New Milford, CT

Single Family Homes

Spring will usually bring out buyers, and I believe we are continuing to see an upward trend. With rates still low and housing prices at a reasonable price, this could be the time to buy!

There are currently 274 active single family home listings in New Milford, CT. That is up 10 listing from last week. Lowest price: $100,000, average list price: $478,678, average days on market, 130. Highest price: $1,995,000. Out of these, 29 are under deposit, that is up by 7 from last week, lowest price $100,00, highest price $629,900. Average list price: $351,359, Average market time: 115 days. (Days on market definitely coming down!)

There are currently 9 homes that are pending, 5 more than last week. Lowest price: $179,900, highest price: $375,000. Average list price: $283,055. Average market time: 149 days.

3 homes are showing as sold, same as last week. Average List price $417,966, average sale price: $401,666, average market time, 199 days.

Condominiums

There are currently 66 active condo listings in New Milford, CT, this is 15 less than the 2 previous weeks. Lowest price: $62,900. Highest price: $539,900. Average market time, 185 days.

Out of these, 7 are under deposit, same as last week, lowest price $98,700, highest price $189,000. The average list price: $146,800, average market time: 85 days.

There are currently 11 condos that are pending, up 9 from last week. Lowest price: $89,000, highest price:$170,000. The average list price of these is $164,527. Average market time: 117 days.

condo is showing as sold. Average list price: $174,750. Average sale price: $164,000, market time was 56 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.

Andrea Swiedler, Realtor, Southern Litchfield County Real Estate

2017 President, Greater New Milford Board of Realtors

2017 Connecticut Magazine 5 Star Realtor

 

 Search homes for sale in Litchfield County, CT.

 

Coldwell Banker Residential Brokerage

Litchfield County Regional Office,375 Danbury Rd, New Milford, CT 06776

 

© Andrea Swiedler 2009 - 2017

 Always do right. This will gratify some people and astonish the rest. - Mark Twain

Comment balloon 2 commentsAndrea Swiedler • April 25 2009 10:41AM

Comments

Wow what an exremely in depth market report Andrea ! Nicely done !

... 130 avg days on market is tough though :o(

Hope that number is reduced this Spring !

Posted by Sheldon Neal, That British Agent Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) over 9 years ago

Shel, about 2 months ago I did the absorption rate for New Milford, was 125 weeks. Very tough. We have a long way to go to heal.

Having said that, seems as if buyers are coming out now. We need that, and we need sellers to be realistic in pricing.

Also, I am concerned because I am sure there are foreclosures that have not been listed yet. Time will tell.

Thank you for stopping by and looking at the numbers!

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) over 9 years ago

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