Category Archives: Market Watch New Milford

Is the New Milford CT Real Estate Market getting better or not?

Three bedroom home for sale in New Milford CT
Three bedroom home for sale in New Milford CT

It is so hard to listen to national news about the “hot” real estate market others are experiencing across the country and wonder if it is happening here in New Milford, CT. It is a complex answer as you can see below. Did we hit bottom and are now on the way up? Is it a sellers market in New Milford? . We are on track to have the best month in number of sales for 2013, if things continue to go as they have so far. I don’t believe the total number of sales will be jaw dropping, but any improvement is good. There are a few more days for homes to close in May, I will have to be patient to get the final numbers.

The success of the real estate market is tied to many other things,  the employment rates in the state, the proximity of jobs available to New Milford, confidence in the housing market, good rates and a lower housing inventory. Connecticut again posted a rate higher than the national unemployment averages which needs to come down in order for the real estate market to feel more positive effects.

The unemployment rate in Connecticut has been at 8.0 for the last three months, the national average for April posted at 7.5. When we hear that the real estate market in our neighboring state of Massachusetts is really heating up you must look at their unemployment rate, which was last posted at 6.4%, where it has been for a while. This means more people in Massachusetts are working and can afford to purchase homes. They have more jobs,  a shrinking pool of homes available for sale which creates the perfect storm. I must qualify that statement, I know that the Metro Boston area is doing very well in the housing market, I don’t know how the rest of the state is doing. The metro area seems to be on fire!

A new problem for New Milford CT seems to be an abundance of short sales.

Our inventory is still down, which is a great thing for sellers. Although for buyers looking up to $300,000 it is slim pickins, and much of those are short sales, a full 10% of the active single family homes for sale in New Milford are now short sales.

What impact does this have on a seller? If you are not in a short sale position and you price your home correctly according to condition and location, you should find that you will have lots of showings and hopefully an offer fairly quickly. I will warn you that overpricing can cause issues, especially when it comes time for the buyer to do an appraisal.

If you are a seller in a short sale position, it will take longer to sell, however with the inventory shrinking you just may procure that much needed offer. It is imperative that you are prepared to work with your agent, attorney and lender to get the ball rolling as quickly as possible once an offer does come in! Some short sales can be pre approved prior to going on the market, if you would like to know if that is your situation, give us a call at 860.946.0686 to further discuss the matter.

34 homes are under deposit. of these, the majority (15 homes) are in the $200,000-$300,000 price range. Again, this seems to be our hottest market right now. Of the homes that are under deposit, 4 are short sales and 2 are foreclosures.

40 homes are listed as sale pending. This means contracts are signed and most contingencies have been met. 15 of these homes are short sales which translates to 37.5%. That is very, very high. These short sales will sit in the pending sale status for far longer than a traditional sale making it very hard to judge what is going to happen. 3 homes that are pending sale are foreclosures.

Buying a home in New Milford, CT can be tight for anything under $300,000. First time home buyers can get very frustrated, many of the homes they are looking at are short sales that may need work, and very importantly, time to wait for the short sale to be approved by the lender. Homes that are priced well and are not short sales are moving very, very quickly. Often with multiple offers on them. This means you must be FULLY prepared when looking for a home.

  • Pre qualified, or better yet, pre approved (if possible)
  • Ready to run out and look at a moments notice
  • Be prepared to decide quickly to put an offer in or move on
  • Remember, in this lower price range it is NOT a buyers market, do not play around with low ball offers

What we are seeing is in a multiple offer situation, sellers are choosing buyers that are NOT using 100% financing. This does not mean there isn’t hope if you are using a product that is 100% financing, but you must be+ aware you may have to move on until you find someone that is not afraid of 100% financing. The housing market in New Milford is not sliding backwards and this is good news. It is fragile, and those who are selling or buying should know what the latest market conditions are.

Keeping you updated on the housing market in New Milford, CT.

We post detailed monthly market reports. Fill out the form below to get your monthly copy of our New Milford CT real estate market report. We do not sell email addresses, and will not use it for any other purpose than to notify you when the latest market report is ready.

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New Milford CT Real Estate Market Report April 2013

Home for sale New Milford, CT
Home for sale New Milford, CT

The question in most peoples minds in regards to real estate is… “how’s the real estate market doing”? With the national news still reporting it is a buyers market, that things are exploding, that things are much, much better is simply not true in most of Connecticut. All real estate is local, New Milford CT is not following the national averages. We are in a very fragile market, the economy, new jobs, unemployment rates, these things affect our local market. Not national averages.

There are many things to watch for that are important when answering the question about the health of the real estate market in New Milford, CT. Comparing the amount of active listings to the amount sold is very important. Then looking at how many average days it took to get these to close is also telling for a seller. A buyer wants to know if it is a buyers market, and we are in a buyers market no doubt. My favorite statistic is the list to sales price, however I prefer to look at the original list to sales price rather than the last list to sales price. That tells much to me, are listings still overpriced?

How many active listings are there? Currently there are 207 single family homes for sale in New Milford, CT. Last month at this time there were 176 active single family homes showing for sale. For sellers it means there is more competition and prices won’t rise simply because of supply and demand. Another telling factor is the amount of short sales we have listed are rising too. In March there were 15 active short sales, a number that seems to be on the rise here in New Milford. As of this moment in time 19 of the 207 active single family homes for sale in New MIlford are short sales. That represents 9% of the single family homes listed! That is a number we cannot ignore when both listing and selling homes and affects the saleability of these homes. Many buyers simply cannot or will not wait for a short sale to be approved and the purchase to happen.

April 2013, 16 single family homes closed in New Milford, CT. That is no change from March 2013.

April 2013, the average list price of a single family home rose dramatically with no sales justification. April 2013 average list price was $450.474. In March of 2013 the average list price was $369,794. We have not seen an average list price that high since September of 2012.

Average sales price in April of 2013 was down from the previous month. April’s average sales price for single family homes in New Milford, CT was $324,394. The average sales price for March 2013 was $362,547.

Mixed messages abound! The current real estate market in New Milford, CT is still fragile at best. I see more buyers out, more homes going under deposit, all good. I also know deals are tougher than ever to hold together. Homes that go under deposit often come back on the market.

It is still a buyers market in New Milford, CT. The absorption rate, or the time it will take to sell the current inventory, if no more homes come on the market, is 11 months. 6 months is a balanced market, under 6 months a sellers market, over 6 months is a buyers market. With current inventory on the rise, if we don’t have a good increase in sales this month it may go higher.

My advice to sellers, understand it is a buyers market. Get your house ready to sell, make it stand out above the competition, price it right according to the condition and location of your home and the current local market conditions.

My advice to buyers, although it is a buyers market, recent changes to the mortgage industry can make getting a loan more complicated. A good mortgage person to guide you, an agent with a grasp on the local market are what is needed. Although the inventory is rising, certain price points have less homes and the competition can make you feel like you are running the gauntlet.

Take a look at the graphs for New Milford CT real estate market. Then give us a call for a free market analysis of your home at 860.946.0686.

may 2013 active listings

April 2013 list price sales price no sales

april 2013 list sales ratio

ab rate april 2013

New Milford CT Real Estate Market February 2013

Single Family Homes, real estate statistics for New Milford, CT February 2013.
New Milford CT Real Estate Market
For the 9th month in a row New Milford, CT is seeing fewer active listings. February 2012 showed a sharp decline of homes available for sale. This is a good thing, a glut of homes on the market does not bode well for home owners looking to sell. I would like to see an increase in sales also, but this didn’t happen in February. It was a short month, but closed sales were down.

A marked increase in the number of short sales for sale in New Milford is evident. Currently there are 15 active short sale listings. In January of 2013 there were only 9 active short sales. This, coupled with a shrinking inventory does mean a tougher overall buying experience. Many would be buyers are shying away from short sales. In other parts of the country short sales are either leveling off or in decline. Not here, and this is indicative of a fragile market.

Is the shrinking inventory of homes for sale in New Milford, CT causing home prices to rise? Statistics for the last three months show an increase in the average list and sale price. However, homes that sold in February 2013 sold for 94.1% of the LAST LISTED price and 89.9% of the ORIGINAL LIST PRICE.

How does that translate to the seller? If you overprice your home it will sit on the market longer and still sell for much lower than you probably hoped for. To illustrate, statistics say that if you list your home for $350,000, it will sell an average of 180 days later for $315,000. Big difference.

New Milford CT Real Estate MarketI remain cautiously optimistic for the future of the real estate market in New Milford, CT. Only time will tell as the market is still so very fragile. Buyers are very aware it is a buyers market and are looking for a bargain. With the amount of active listings shrinking it can be very frustrating for them.

Sellers still need to price their homes according to recent sales and competitive active listings. Although it seems prices are increasing, the truth is with such a small amount of sales happening, one high priced sale can skew the stats. Low home sales combined with a 15 month inventory still make it a buyers market all the way around.

Remember, real estate is hyper local! Contact Swiedler, Pomerantz & Adams for up to date Southern Litchfield County real estate information.

New Milford CT Feb 2013 no sales ab rate New Milford CT Feb 2013 active listings New Milford Feb 2013 list to sale price New Milford CT Feb 2012 list to sales ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statistics obtained from the Greater Fairfield County Multiple Listing Service, the main MLS for the area. Although there may be other homes sold on another MLS, this information is deemed reliable for statistical purposes.

New Milford CT Real Estate Market Stats January 2013

House for sale New Milford CTThe real estate market in New Milford, CT seems to be picking up. There are fewer active listings and more buyers are out looking. This is very good news for people selling their homes as the last two months have been slow in both closed home sales and buyer activity. For buyers it may be a bit frustrating as there are more of you out looking for the same piece of pie. And your favorite pie may not exist!

Search homes for sale in New Milford, CT.

One thing I will note, southern Litchfield County is behind the real estate times. While other parts of the country are pulling out of short sales we are seeing more of them. With rules and laws changing, this could mean some challenges are ahead of those who need to sell but owe more than their homes are worth. The unemployment rate in Connecticut is still higher than the national average, people need jobs to buy homes, point blank. We do hope to see the downward trend of November and December unemployment rates continue, however much of that may have been seasonal employment for the holidays.

For sellers in New Milford, CT the message is very clear. Your home must be

  • priced better than the competition
  • your home must present well to buyers
  • issues with your home must be addressed by either fixing them or pricing according to the issues
  • presented by your listing agent in the best light possible to as many buyers as possible.

For buyers, although it is most definitely a buyers market, the inventory is shrinking and buyers need to be ready to move when the right house comes along. You should be pre approved for a mortgage before you go out and look!

Understanding the real estate market, study the stats for New Milford, CT.

  • January 2013 saw 15 single family homes sell.
  • January 2012 saw 12 homes sell.
  • December 2012 saw 16 homes sell.
  • In January 2013, the average list price for single family homes was $337,153.
  • In January 2013, the average sale price for single family homes was $295,767.
  • It took an average of 213 days to sell these homes.
  • Homes sold at 95.2% of their last listed price, however they actually sold at 94% of their original list price.

As I write this, (February 3, 2013) the stats are as follows:

  • There are 149 active single family homes for sale. 9 are short sales and 6 are foreclosures.
  • There are 19 homes in the sale contingent status. 4 are short sales and 1 is a foreclosure.
  • There are 24 homes that are under contract waiting to close. 6 are short sales and 3 are foreclosures.

The real estate absorption rate for New Milford, CT is an important number to understand. It shows how long it will take to sell the current inventory of homes if no more homes come on the market. Currently we have 11 months of inventory. Anything over 6 months is a buyers market, 6 months is a balanced market, and under 6 months is a sellers market. Although our inventory is shrinking, we are in a buyers market. Sellers would do well to understand this.

Real estate market graphs for New Milford, CT.

New Milford CT real estate stats

New Milford CT real estate stats

New Milford CT Real Estate Stats

list to sales price New Milford ct

The above data was compiled from CMLS, it is not the only MLS used in New Milford, but it is the most widely used. The data is deemed to be reliable, but not necessarily accurate.

2012 Year End Condos in Review, New Milford CT

Aspectuck Village New Milford CTThe condo market in New Milford, CT is slow, the time it would take to sell the current inventory we have, if no more condo’s came on the market, is 18 months. Low monthly numbers, lower pricing can be a very good time for a buyer to purchase a condo in New Milford, CT.

New Milford, CT had 50 condo sales in 2012.

Average list price: $153,722
Average sales price: $117,734
Average days on market: 164

Condo’s in 2012 sold for 93% of the last listed sales price, however the percentage from the original list price to sales price was 90%. This, coupled with the time it takes to sell a condo translates to a tough time for anyone wanting to sell their condo in New Milford, CT.

But the national news says otherwise! I know it does, and we fight this on a daily basis. Real estate is hyper local. Strong condo markets in other parts of the country do not translate into a strong condo market in New Milford, CT. For a seller, this can be a very harsh reality. You have to have patience, you have to have flexibility, you have to adjust your price according to the local market conditions, to the condition and location of your condo. Your agent must have good marketing skills in order to get your condo seen by as many potential buyers as possible. You also need to know if your condo association is on the FHA approved list. If a condo association is not on the approved list it can be harder for a buyer to secure financing to purchase your home.

As of this date, January 3, 2013, there are only 5 FHA approved condo complexes on the list. They are:

  • Aspetuck Village
  • Canterbury Court
  • Old Farms
  • River Glen
  • Willow Springs

The rest may be working on reinstating or obtaining FHA approval, however as of this point in time, that is all that FHA has showing.

For a buyer it translates to good news, especially if the condo is on the FHA approved list! Interest rates are low, condo prices are low, you just might be able to find the perfect condo to purchase. If you are interested, you can start your search for a condo in New Milford, CT here.

Take a look at the condo stats for 2012 in New Milford, CT month by month.

New Milford CT Condos for SAle NM ab rate NM Condo prices
Statistics from CMLS, information deemed reliable, not necessarily accurate.

End of Year Real Estate Market Report 2012, New Milford, CT

Real estate sales in New Milford ended in 2012 with a whimper. A total of 11 single family homes sold, a very bad number beaten only by February of 2012 when only 9 homes sold.

The good news is the housing inventory was down for December of 2012, it was actually the lowest month of single family homes for sale in the year. However, because of the low amount of sales, the real estate absorption rate, or the amount of time to sell what is currently on the market, if no other homes come on, is 17 months. That is a long, long time.

Looking over the past 5 years, our sales are just not improving enough to say the market is improving. It is still extremely fragile here in New Milford, CT.

New Milford CT Real Estate States 2012

If someone needed or wanted to sell their home in New Milford at this time you need to think about The 5 P’s, Price, Preparation, Pliability, Patience & Prolific (marketing). It is imperative that the home be priced correctly, according to local market conditions (not what the national news has to say), according to condition and location.  It is equally as important that the home be marketed properly to as many prospective buyers as possible.

Real Estate Stats for New Milford, CT year ending 2012. How is the real estate market doing? Take a look at the statistics for 2012.

list to sales price 2012 nm New Milford CT Real Estate Stats 2012

Buyers should be aware that the current real estate market climate in New Milford, CT is certainly a buyers market. Interest rates and low housing prices make for a very favorable buying experience. However, the inventory is shrinking. This does mean it may take longer than expected to find your new home. You can start your home search in New Milford, CT right here!

With the inventory shrinking the market may indeed take a more favorable turn in 2013. Don’t count us out yet!

Real Estate in New Milford, CT. When bad news is good news.

Connecticut homes prices have increased less than one percent year over year, which places us as the 6th worst state for price depreciation. This is according to a report released by CoreLogic, a trusted real estate information source.

What does this mean for Connecticut? I publish monthly real estate stats for New Milford, and every few months for other towns we sell real estate in. As I keep saying, progress is slow in New Milford. Housing sales seems to have stabilized, however prices are still low and they fluctuate. We do not have any noticeable appreciation month to month. With our sales averaging around 20 a month, housing prices can be skewed by a foreclosure or two in one month, or an estate home in another. But looking year over year, the increase any seller might be looking for just isn’t there.

We tell our sellers, if you can sell, if you really want to sell, you have to price your home according to local market conditions, according to location, according to condition. You have to make your home as enticing as possible to be one of the magic 20 that make it to a closing table.

Connecticut did do better than 5 other states as far as price appreciation goes. Illinois, Delaware, Rhode Island, New Jersey and Alabama showed less appreciation than we did.  Take a look at the average sale price and median sale price for New Milford, CT over the past 10 years.  I think the story is very clear when you look at these numbers.

A buyer should find this very good news. Prices are appreciating, albeit slowly. That means the house they buy today won’t automatically lose value as soon as they sign on the dotted line. Rates are low, home prices are low, all good news.

Search homes for sale New Milford, CT.

What about those people sitting on the fence waiting for prices to drop even lower? Bad risk, the trends say otherwise. If you want to buy but are fence sitting, you better jump down off that fence before Connecticut shows more dramatic price increases. Although I don’t think they will ever rise like they did before, some states are seeing a greater than 6% increase. And that is not what a buyer is looking for these days!

But for sellers, it is not the best of news. We are not making up the amount that was lost fast enough to allow some people to sell. Still, there are ways to make it happen if you must sell. Short sales allow some to sell for less than what they owe the lender. Making your home as appealing as possible to a buyer, using the best marketing strategy that is available.

But there are some bright spots out there! Today I posted my usual market report for New Milford. The real estate absorption rate stands at 8 months. If no other homes come on the market it will take us 8 months to sell the current inventory. This is better than previous months. We have seen those numbers in the double digits! 6 months is a balanced market, that is the goal.

New Milford CT Real Estate Market

How is the real estate market doing in New Milford CT? Overall we have seen improvement, but hold on, that doesn’t mean that if you are selling you need to raise the price of your house! We are still in a recovery stage, and any steps forward might well be followed by yet another step backward. It is still a buyers market in New Milford, CT!

Currently there are 251 active listings, including those that are marked “under deposit” but have not yet gone under contract.

In July of 2012 there were 22 single family homes sold in New Milford, same as in June. The average sale price was $322,857, which is up from the month of June.

The time it will take to sell the current inventory of single family homes that are on the market in New Milford CT is 12 months. That would be if no other homes came on the market. We are still in a buyers market. 6 months represents a balanced market. Below that is a sellers market, above that is a buyers market. I can’t remember the last time we saw a sellers market here in New Milford, or anywhere in Litchfield County for that matter.

Another interesting statistic shows the relationship of the ORIGINAL list price to the SALES price. Take a look where that has taken us over the past 12 months.

What does all this mean to you if you are thinking of purchasing a home in New Milford CT or one of the surrounding areas? It is your market. Although, there are sellers out there that are still pricing their homes based on what they need to get or want to get, there are well priced homes available for sale. You can search homes for sale in New Milford, CT here.

If you are thinking of selling, make sure you price your home according to location, condition, and the local real estate market conditions in New Milford, CT. If you want to recieve a personal property profile from us, including the competition for your home and the most likely sales price, call SPA Real Estate at 860.946.0686. We will also show you our intensive and unique internet marketing approach to get your home out to as many buyers as possible online.

New Milford CT Real Estate Market Report February 2012

New Milford CT Village Green

New Milford, CT market report, the good news is that homes sold for 95% of list to sale price in February 2012. The not so good news, the inventory is creeping back up again. Home sales were down in February, but this is very typical.

As of March 2, 2012 in New Milford, CT there are 211 active single family homes for sale.The active inventory is creeping up again, there are 17 more active homes than there were last month at this time. 15 are listed as short sales, (there could be more however) and 4 are foreclosures.

9 single family homes sold in New Milford, CT in February 2012. This is down from last month, however, February has historically been a very slow month for sales. Of these homes that sold, the average list price was $492,400. The average sale price was $471,500.  As you can see from the chart, this is up higher than it has been in over 2 years, but the reason was because a lakefront home sold for $2,000,000.  The homes sold at approximately. 96% of list to sale price which is 10% more than last month, far, far better. The average market time was 102 days. None were listed as a short sale, and one home was a foreclosure.

The median sales price for a single family home in New Milford, CT for February 2012 was $270,000.

The average list price of single family homes for sale in New Milford, CT is $459,677.

The average market time for these active listings in New Milford, CT is 152 days.

The median price of a home for sale in New Milford, CT is $347,000, This is up $7,100 from from 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 1037 days as of today.

The lowest priced home for sale in New Milford, CT is $99,900. Listed as a short sale, this home, for whatever reason, does not qualify for financing.

Of the 211 single family homes for sale in New Milford, CT, 20 homes are under deposit. The average list price of these homes is $327,460. The average market time is 137 days. We are up in the amount of homes under deposit, but also up in inventory.

Currently there are 21 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 $309,938. The average market time for these homes is 102 days. 5 of these are foreclosures and 3 are short sales.

What does all of this mean? The market continues to send out mixed signals. It does seem as if spring will bring the buyers out, we are feeling optimistic as agents across the area say they are busier with active buyers than they have been in a while. It is still imperative for a seller in New Milford, CT to understand that the market is very, very fragile. The key to selling a home in this market is to price it far better than the other competing homes in the same category. You must grab the buyers attention right from the start, not chase the market down or languish on the market because you outpriced yourself right out of the game.

If you don’t believe me about pricing and buyers mentality, check out some interesting stats on The Great Real Estate Divide.

If you are thinking of selling in New Milford, CT check out our Ultimate
Marketing 24-7, a custom marketing program that will dominate the internet.


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

Interest rates are still low, are 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.

Originally posted at New Milford CT Real Estate Market Report February 2012

TAGS: New Milford CT, Real Estate, Market Report, Homes Sold, Stats, February 2012

New Milford CT Real Estate Market Activity November 2011

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

As of December 7, 2011 in New Milford, CT there were 209 single family homes for sale. This is down 47 from last month at the same time. I would attribute some to the storm damage (again), some to the time of the year, and some to the general state of the real estate market. For sellers, this is a good thing, when there is less on the market there is a greater chance your house will sell.

16 single family homes sold in New Milford, CT in November 2011. This is down 1 from October.  Of these homes that sold, the average list price was $331,100. The average sale price was $317,007, which is up $24,000 from last month. But because October was down from September, we are still behind a bit. The average market time was 106 days which is down from October. Only one short sale was included in November’s sales and no foreclosures.

The median sales price in November was $278,500.

The October snow storm probably did not have anything to do with the number of closed sales in November as they were, most likely, already under deposit prior to the storm. Where we may be seeing consequences of Snowtober is probably in the amount of homes that went under deposit in the weeks after the event.

The average list price of single family homes for sale in New Milford, CT is $482,010, down appx. $10,000 from last month.

The average market time for these active listings in New Milford, CT is 195 days, up from last month. (Snowtowber result I am sure)

The median price of a home for sale in New Milford, CT is $349,900.

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 951 days as of today.

The lowest priced home for sale in New Milford, CT is $107,100, an antique near town, built in 1900. This home is a foreclosure and will require quite a bit of work.

Of the 209 single family homes for sale in New Milford, CT, 11 homes are under deposit. The average list price of these homes is $355,036, the average market time is 103 days.

Currently there are 25 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 $280,970. The average market time for these homes is 137 days. Three of these are foreclosures and 5 are short sales.

What does all of this mean? As I said previously, the October snow storm had a huge impact on the market. Many properties were damaged, without power, unavailable to be shown. The cleanup still continues. We continue to see up and down every month, and now that we are so close to the end of the year we show sales are still down, prices are still down, it is a buyers market and will continue to be so for a while to come. Predicting the real estate market is something I don’t think anyone can do these days with figures that look the way they do. I know one thing.

The key to selling a home in this market is to price it far better than the other competing homes in the same category. You must grab the buyers attention right from the start, not chase the market down or languish on the market because you outpriced yourself right out of the game.

Check out my customized marketing strategy to better position your home in today’s real estate market.

Buyers can take advantage of some pretty amazing deals these days, between jaw dropping interest rates and home prices, as long as the seller realizes that, in all honesty, the best price they will realize
from the sale of their home is the one a buyer is willing to pay and the bank is willing to loan on it. Still, with the uncertain job market, many seem to be hesitant to get out there and look.

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

Interest rates are still low, housing prices are low, are 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.