Westport and surrounding towns real estate market trends

TRENDS OF UNITS SOLD, MEDIAN SELLING PRICE AND AVERAGE DAYS ON MARKET , through May, 2010 YTD

For Local Market including Westport, Wilton, Weston, Norwalk, Fairfield, Easton, Ridgefield and Redding the market is performing better than what Case Shiller reports.

The number of properties sales peaked in 2005, hit bottom in 2009 and has started to improve in 2010. Sales in units were up significantly in 2010 YTD vs 2009.

The median selling price of properties sold peaked in 2006, hit bottom in 2009 and is improving in 2010. The median price of properties sold in 2010 YTD through May was up 5% in surrounding towns and flat in Westport.

The average days on market was best in 2005, worst in 2009 and is improving in 2010.

Trends for all towns in lower fairfield County around Westport and Fairfield at the following link.

http://www.swreilly.com/marketinformation/selected_towns_sales_trend_through_april_2010.htm

Regards, Steve Reilly
Realtor
Higgins Group
203-246-7372
swreilly@swreilly.com