The distribution of the current inventory in Norwalk as of December 2, 2007 is shown below:
The next table shows the total number of available units in Danbury, the average Days on the Market – DOM, and the Median Listing Price – MLP for each type of property and each status.
As you can see, the highest Median Listing Price for Single Family units is found under the status Reduced Price, and the lowest Median Listing Price can be seen for those with accepted offers – CTS. Maybe some of those properties under Reduced Price still will need to come down to hopefully become CTS.
New Listings show a MLP lower than those for CTS and ACTIVE properties.
I will not comment on the renewed single family since statistically one property is significant in the analysis.
The largest proportion of available units belongs to ACTIVE Single Family homes (38.31%) and ACTIVE Condominiums (35.59%).
NESTOR N. ROMERO
www.HomesByNestor.com
1800-314-0461
