2014 Norwalk Summer Real Estate Market Update

2014 Summer Real Estate Market Update

Wonderful news for buyers and sellers! Inventory is finally increasing and a nice balance is occurring in our home marketplace. Sales numbers are up from last quarter and pending sales are looking good. Our spring market was off to a late start due to the colder than normal weather this year, but as of now the buyers and sellers are ready for action.

Here are the latest statistics from Consolidated Multiple Listing system for the second quarter.

Inventory in Norwalk is finally up compared to last quarter with 415 single family and 193 condos on the market right now. Home sales are up dramatically from the first quarter with the numbers showing an increase in sales from 101 to 176 single family homes and from 50 to 85 condos sold in the second quarter. Next quarters numbers are off to a good start at with 118 pending sales.

Westport inventory is up showing 382 single family homes and 18 condos for sale right now. Single family sales are up significantly from the first quarter. The numbers show a total of 72 sales last quarter compared to113homes and 11 condos sold within the last three months. The next quarter numbers are looking good with a total of 62 properties which are under contract at this time.

Wilton single family inventory is also up from the first quarter showing 205 single family homes as of July 1st. Condo inventory is down, showing 7 units for sale. Wilton sales are up from the first quarter. The numbers show a total of 39 sales in the first quarter compared to 76 homes and 8 condos sold within the last three months. Home sales are looking positive for the next quarter with a total of 30 under contract so far.

Our local real estate market is holding steady, despite the fact home prices are still in the adjustment phase. It is very important to listen to your experienced real estate agent when they present the Market Analysis report on your property. Careful research using recently sold properties are the best way to find the right price for your home.

Betty Bondi
Bondi Realty Group LLC
203-899-9990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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