By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
Norwalk is still in a Buyer’s Market but the indicators over the past three months are pointing towards a balanced market. The ratio of List to Sales Price is very good at 96% and the amount of inventory has declined. However, prices have declined over the past three months, so signals of a recovery are mixed. What homes are most in demand by buyer in Norwalk? The sweet spot in the market is for 3 bedroom homes with a list price of $425,000-450,000. They tend to be on the market only 101 days and sell for 96% of list price.