Waterbury saw declines across the board in terms of the number of sales, new listings, and average and median sales prices. Where the market excelled was the sales price compared to the listing price, which was up by 6%, showing there remains strong competition for properties within this market. The number of sales dropped by 30% compared to the year before and this is a direct result of limited inventory. The average and median sales prices were down 28% and 39% respectively. The average sales price went from $685K to $505K and the median sales price went from $625K to $401K. There was a slight drop in average and median days on market, 7% and 14% respectively. There are 11 active listings available, ranging from $285K to $1.6M.

Land in Waterbury did see a decrease in sales, with 3 parcels sold in Q2 of 2022, compared to 5 in 2021. Although there was a decrease, the average and median sales prices did jump, given all 3 properties sold above $290K. The average sales price went from $181K to $304K and the median moved from $190K to $298K. There are only two parcels available on the market. 

Since Waterbury has such a small sample size in single-family and land sales, we will continue to monitor the market to seek further indicators of where 2022 is headed, given the overall lack of inventory available, even with decreases seen in Q2, we expect sales in Waterbury to remain strong.