New Milford CT Real Estate Report, Sales for February 2011

New Milford CT, 06776 Real Estate Market Activity February 2011


Currently in New Milford, CT there are 238 single family homes for sale. This is 24 more than last month, we are probably going to see even more hit the market as spring progresses. 13 of these homes are foreclosures.

7 single family homes sold in New Milford, CT in February 2011 Average list price: $289,229. Average sale price: $279,571. February has been a very slow month for the New Milford, CT real estate market as far as closings go. This may be a partial reflection of the terrible weather we had in January.

The average list price of single family homes for sale in New Milford, CT is $446,228.

The average market time for these active listings in New Milford, CT is 195 days.

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 almost 2 years.

The lowest priced home for sale in New Milford, CT is $89,000, a small home in the downtown area of New Milford, and is a foreclosure. The listing says it would be perfect for a 203K rehab loan, as it is in need of repair.

Of the 238 single family homes for sale in New Milford, CT, 16 homes are under deposit. This is certainly up from last month at this time when only 5 homes were under deposit. This does reflect the renewed energy some agents say that are experiencing in the market.  The average list price of these homes is $327,888, the average market time is 167 days.

Currently there are 11 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 $441,259. The average market time for these homes is 65 days.

HOMES SOLD MONTH TO MONTH NEW MILFORD CT

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

email

Leave a Reply

Your email address will not be published. Required fields are marked *