What’s My Waterbury CT Home’s Value June 2016
Currently in Waterbury CT there are 435 active residential listings for sale, with 95 new listings being added in June. The homes for sale in Waterbury CT range from a 1,568 square ft, 5-bedroom REO colonial listed at $25,000 to a 2,868 square ft, 4-bedroom listed at $369,999. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $124,444. The average days on market for these homes are 92 days.
There are currently 77 homes under contract in Waterbury CT, with 34 having gone under contract in June.
In June 2016, 71 homes closed in Waterbury CT. They ranged from a 1,008 square ft, 3-bedroom REO cape, which sold for $23,750 to a 1,804 square ft, 3-bedroom colonial that sold for $220,000. The average price for the closed properties was $114,082 with average DOM of 59 days.
For a comparison, there were 73 closings in Waterbury CT for the month of June 2015, with an average price of $98,318 and avg. days on market of 63. This shows that for June of 2016, there were 2 less homes sold than the same period the previous year, with a 6% average increase in value and less days on market.
For the year 2015, the market sales or absorption rate was 57 sales per month, with an average sales value of $92,133 and less average days on market.
For the first quarter of 2016, the market sales or absorption rate for Waterbury CT was 53 sales per month, with an average sales value of $88,381 and average days on market of 96. With this rate and the current inventory, there would be a 7+ month absorption rate, which is trending to a neutral market. The Waterbury CT real estate market is showing a slight improvement in values and is working to neutral market.
For the second quarter of 2016, the market sales or absorption rate for Waterbury CT was 59 sales per month, with an average sales value of $102,389 and average days on market of 69. With this rate and the current inventory, there would be a 7+ month absorption rate, which is trending to a neutral market. The Waterbury CT real estate market is showing a slight improvement in values and is working to neutral market
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT are showing some signs of stabilizing, with the exception of the January 2016 dip, although the increase in values for June, could be an indication of an improving market.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.
June 2016 Real Estate Sales Report for Waterbury CT
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