Real Estate Sales New Milford CT May 2010

Real Estate Sales New Milford CT May 2010

New Milford CT Memorial Day Parade 2010Currently in New Milford, CT there are 296 single family homes on the market.

The average list price of single family homes in New Milford, CT is $457,651.

The average market time for these active listings in New Milford, CT is 137 days.

The highest price home for sale in New Milford, CT is $5,900,000, an estate belonging to a world famous comedienne, and located on the New Milford, New Preston, CT border

The lowest priced home for sale in New Milford, CT is $77,900, a 700 square foot foreclosure, in need of major renovations, located in the Candlewood Point Area.

Of the 296 single family homes active on the market in New Milford, CT, 21 are under deposit. The average list price of these homes is $361,548, and the average market time is 94 days.

Currently there are 31 homes that are in the pending sale status in New Milford, CT. The average list price of these homes is $388,723. The average market time for these homes is 114 days.  Check out the previous home sale market activity report for April 2010, we are still seeing an increase in homes waiting to close.  This could be as a result of the ending of the home buyers tax credit. We have to wait for the next few months to see how this shakes out.

With interest rates as low as they are now, (my first time home buyer just closed a CHFA loan for 4.5% interest, his total monthly payments are less than many people are paying for rent these days) and prices still low, it truly is the time to buy home in New Milford, CT.

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.

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