What is the average length of time single family homes are on the market in the Norwich, CT area?

Asked by Jennifer, Norwich, CT Wed Mar 25, 2009

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Lisa OConnell, Agent, Fredericksburg, VA
Thu Mar 26, 2009
Jennifer,
I did a look at the MLS for the start of the year from 1/01/09 to present 3/25/09. 32 homes sold as opposed to 49 in the same time frame 1 yr. ago. The avg. sq. ft. was 1,405 (last yr. 1,397) with the avg. list price of $154,937 (last year $193,282) so down 20%. The actual sale price avg. this yr. is $149,688 (last yr. $186,409) so also down 20%. The average days on market this year is 74 with last yr. being 77.
I hope that fills you in on the market a little more clearly. You didn't say whether you were a buyer or seller.
If I can be of any further assistance, please call me directly at 860-593-8976 that is my cell.
Have a great weekend! Lisa O'Connell Century21 Access America
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Jeff Landry, , 06489
Wed Mar 25, 2009
Jennifer, The average days on the market in Norwich is 79 days, going back to homes closed within the last 6 months. The median sale price was $151,093.00 with a range from $380,000 to $20,000. Now this will vary from neighborhood to neighborhood but town wide this is the average. Any other questions feel free to contact me. Thank You Jeff Landry Century 21 Access America
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