Norwalk, CT Home Sales Report, July, 2011

Total Sales Comparison across all residential property types*

Average List Price of homes that sold
Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 435,000 $ 407,393 $ 93.7% 107 59

July, 2010
496,843 475,915 95.8% 105 79

YTD 2011
$ $ 556,554 522,000 93.8% 120 410 $ $

YTD 2010
496,900 468,349 94.3% 106 464

% Change - % Change Month YTD

-12.4% -14.4% -2.2% 1.9% -25.3%

12.0% 11.5% -0.5% 13.2% -11.6%

July - Sold Residential Real Estate Price Comparison

$600,000

$500,000

$400,000

$300,000

Average List Price of homes that sold

Average Sale Price

$200,000

$100,000

$July, 2011 July, 2010 YTD 2011 YTD 2010

Norwalk Residential Real Estate Market continues improvement with average YTD sale price up 11%. The Average Single Family Home prices dropped dramatically this July, down 27% vs last year's July with 38 sales this July, vs 50 sales in July 2010.

We are in a very opportunistic time in the real estate market. There are great opportunities for Buyers, Sellers and investors. Call us at the Higgins Group Norwalk office for professional advice on any of your real estate needs. Higgins Group Norwalk - (203) 838-5005 HigginsGroup.com

Source: Greater Fairfield Consolidated Multiple Listing Service * Includes Single Family, Multi-Family, Land, Condo & Co-Op. Does not include Commercial or Rental properties.

Norwalk CT Home Sales Report, July, 2011

Single Family Homes
Average List Price of homes that sold Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 450,309 424,643 94.3% 98 38 $ $

July, 2010
608,776 584,500 96.0% 102 50

YTD 2011
$ $ 651,818 611,551 93.8% 113 268 $ $

YTD 2010
579,148 545,412 94.2% 102 301

% Change - % Change Month YTD

-26.0% -27.3% -1.8% -3.9% -24.0% 12.5% 12.1% -0.4% 10.8% -11.0%

Condominiums
Average List Price of homes that sold Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 408,311 380,000 93.1% 118 18 $ $

July, 2010
304,105 288,443 94.8% 113 18

YTD 2011
$ $ 364,597 343,725 94.3% 113 120 $ $

YTD 2010
351,222 333,789 95.0% 114 136

% Change - % Change Month YTD

34.3% 31.7% -1.9% 4.4% 0.0% 3.8% 3.0% -0.8% -0.9% -11.8%

Multi-Family
Average List Price of homes that sold Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 404,000 369,500 91.5% 94 2 $ $

July, 2010
303,071 289,500 95.5% 100 7 $ $

YTD 2011
340,782 319,388 93.7% 124 17 $ $

YTD 2010
314,816 289,535 92.0% 97 23

% Change - % Change Month YTD

33.3% 27.6% -4.3% -6.0% -71.4% 8.2% 10.3% 1.9% 27.8% -26.1%

Snapshot of Marketplace July 1, 2011

Total Active Residential Listings Average List Price currently on market Average DOM Number of Pending sales Number of Sales YTD Average Closed Price YTD Months of Inventory $ $

Single Family Homes

417 774,800 109 90 268 424,643 10.9

Condominiums

Multi-Family

Total Sales Comparison across all residential property types*

245 $ 290,500 124 42 120 $ 343,725 14.3 $ $

42 393,000 141 19 17 289,535 17.3

727 774,800 118

410 522,000 12

Source: Greater Fairfield Consolidated Multiple Listing Service * Includes Single Family, Multi-Family, Land, Condo & Co-Op. Does not include Commercial or Rental properties.