Newtown, CT Real Estate Market Update - As of May 7, 2014 The public - once finding out that we are Realtors - always asks us how the market is doing. We've just compiled the information for Real Estate Market Update for Newtown, CT. We have separated out the single family homes from the condos as there are 2 new condo complexes currently under construction in Newtown, CT.
|Single Family Homes||Condos|
We would like to take this Real Estate Market Update a step further and compare single family homes sales up to 5/7 in 2013 and in 2014. We have included both the average sale price and the median sale price in the next table.
|# of Homes Sold (through 5/7)||75||107|
|Days on Market||128||140|
|List Price to Sales Price Ratio||95%||97%|
|Average Sale Price||$394,459||$373,077|
|Median Sale Price||$345,000||$350,000|
The number of sales in 2014 is clearly higher than at this time in 2013. The List Price to Sales Price Ratio has also gone up. The average sale price and median sale price indicate that the real estate market in Newtown, CT continues to show little improvement. Newtown, CT Real Estate Market Update - As of May 7, 2014