Summary Real Estate Market Performance
Through July, 2011 vs. 2010
For Westport, the trend is mostly positive but July
was a terrible month. In July sale were down 34%
and median selling price was down 2%.
For year to date, selling price was up, sales in units
was up and average days on market was down.
For surrounding towns, the trend is mixed and July
was a terrible month. In July, sales were down 36%
and median selling price was down 6%
For YTD, the median selling price was up, the
number of units sold was down and the average
days on marker was up and inventory was up.
Summary Westport Real Estate Market Performance
through July, 2011
Median selling price was up 9% in 2011 vs. 2010 and down
17% since the peak in 2008.
.
Westport Properties sold through July, 2011
Properties sold through June 2011 was up 5% since
same period 2010 and down 17% since peak in 2007.
Westport Average days on market through July, 2011
The Average Days on Market was up 8% in 2011 vs.
2010
Summary Surrounding Towns (Norwalk, Wilton, Weston,
Fairfiled, Easton, Ridgefield aand Redding) Real Estate
Market Performance through July, 2011
Median selling Price through July, 2011
Median selling price was up 3% in 2011 vs. 2010 and down
12% since peak in 2007
Properties sold through July, 2011
Properties sold through June, 2011 was down 11%
since 2010 and down 38% since peak in 2007.
Average days on market through July, 2011
The Average Days on Market was up 9% in 2011 vs.
2010 and up 24% since 2007.
Inventory of Properties for Sale in Westport
The number of houses and condos for sale as of
August 15, 2011 was down 5% vs. last month and
Down 5% since last year.
Inventory of Properties for Sale in
surrounding towns
The number of houses and condos for sale as of
August 15, 2011 was down 3.5% vs. last month and down
.5% since last year.
See the following sites for real estate information
or call any time.
Regards,
Stephen Reilly
Higgins Group
Best Practice Real Estate
278 Post Road East
Westport, CT 06880
203-246-7372
licensed in Connecticut
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