How's the real estate market in New Milford, CT? Check it out.
Currently in New Milford, CT there are 286 single family homes for sale. This is up only 4 from last month at this time. Of these 4 are foreclosures.
23 single family homes sold in New Milford, CT in May 2011. This is 10 more than the month of May, 2011. Of these homes that sold, the average list price was $358,798. The average sale price was $335,304, which is up from last month!. The average market time for these homes was 127 days, which is down from last month. The average sale price and amount of homes sold is up from May, which is a good thing all the way around! Of the 23 homes that sold, 2 were foreclosures.
The average list price of single family homes for sale in New Milford, CT is $479,922.
The average market time for these active listings in New Milford, CT is 152 days. (Up 10 days from this time last month.)
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 57,900, a foreclosure in a small community on the Housatonic River. This is a very small home and looks to be in rough condition.
Of the 286 single family homes for sale in New Milford, CT, 26 homes are under deposit. The average list price of these homes is $309,796, (down from last months $362,210 average list price), the average market time is 114 days. Currently none of these homes under deposit are foreclosures.
Currently there are 24 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 $342,897, 4 of these are foreclosures. The average market time for these homes is 128 days.
What does all of this mean? It would seem that the dollar amount and the amount of homes sold rose in May. This is a good thing overall. It is certainly still very important to price your home according to the current real estate market in New Milford, CT.
Check out the previous home sale market activity report for May, 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.
Andrea Swiedler, Realtor, Southern Litchfield County Real Estate
2017 President, Greater New Milford Board of Realtors
2017 Connecticut Magazine 5 Star Realtor
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