Westport and surrounding towns real estate market performance through October, 2010
Westport and surrounding towns performance vs. what’s reported in National Media
Saturday November 27, 2010 national media reported that existing home sales declined 2.2% in October vs. September and home prices declined 2.2%.
For Westport, sales declined 20% in October and prices declined 1%.
For Westport and surrounding towns, sales declined 10% in October and prices declined 5%.
Westport Median Selling Price through October, 2010
The median selling price for 2010 YTD thorough September
was down 3% 2010 vs. 2009 ($1,014,000 vs. $1,050,000). This is down 22% from peak in 2008
Westport Properties sold through October, 2010
The number of properties sold 2010 YTD thorough October
was up 47% vs. 2009 (328 vs. 222).
Westport Average days on market through October, 2010
The average days on market was down 15% vs. 2009 (106 vs. 124).
Westport and surrounding towns Median Selling price (Westport, Wilton, Weston, Norwalk, Fairfield, Easton, Ridgefield, Redding and Bridgeport)
The median selling price for 2010 YTD thorough October was up 12% from the same as same period in 2009 ($415,000 vs. $370,000).
Westport and surrounding towns Property Sales (Westport, Wilton, Weston, Norwalk, Fairfield, Easton, Ridgefield, Redding and Bridgeport)
The number of properties sold for 2010 YTD thorough October was up 20% from same period in 2009 (3105 vs. 2583).
Westport and surrounding towns average days on market (Westport, Wilton, Weston, Norwalk, Fairfield, Easton, Ridgefield, Redding and Bridgeport)
The average days on market was down 3% in 2010 YTD through October from same period in 2009 (104 vs. 107).
Inventory of Properties for Sale in Westport and surrounding towns
In Westport, the number of houses and condos for sale in October was 323 or -18% vs. last month and +7% since last year. There are 10 months on inventory on the market vs. 12 months of inventory for same period last year.
For Westport and surrounding towns, the number of house and condos for sale in October was 3320 or -11% since last month and -4% since same month last year. There are 11 months on inventory on the market vs.13 months of inventory for same period last year.
Stephen Reilly
Higgins Group
Best Practice Real Estate
278 Post Road East
Westport, CT 06880
203-246-7372
