Norwalk Home Sales Improve 9 Percent In 2015

NORWALK, Conn. -- Home sales in Norwalk improved by 9 percent in 2015, according to the year-end report by William Pitt Sotheby’s International Realty.

Real estate sales improved 9 percent in Norwalk in 2015.
Photo Credit: *File*

Tom Renner

01/26/2016 5:00 a.m.

Fourth quarter sales rose 1 percent in Norwalk. For the year, there were 650 home sales, up from 597 in 2014.

Norwalk’s trend reflected county wide trend with increased activity. Real estate sales rose 10 percent in Fairfield County in 2015, and eight percent in the final quarter. Norwalk did fare better than some of its neighboring communities, as sales fell in Darien (7 percent), New Canaan (15 percent), Westport (9 percent) and Wilton (15 percent).

Fairfield County towns that helped improved the county average included Fairfield, which saw a 48 percent increase in sales in the fourth quarter and 38 percent for the year; Monroe (83 percent increase in the fourth quarter) and Ridgefield (30 percent).

The median selling price in Norwalk improved 2 percent for the year, to $440,000. In the fourth quarter, Norwalk’s MSP fell 5 percent compared to the fourth quarter in 2014.

For the year, home sales in Fairfield County reached a 10-year high, with 7,774 transactions, according to the Pitt report.

Click here for the William Pitt report.

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