Summary Real Estate Market Performance
Through August, 2011 vs. 2010
The National Association of Realtors reported this
Week that sales of pre owned homes was up 7.7%
in August, 2011 vs. July. This increase was due to the
large number of repossessions and resulting lower
median selling price.
For Westport, sales were up 5% but not due to
Repossessions and the median selling price was
up 8%.
For surrounding towns, sales were down but median
selling price was up.
For Westport, the trend is mostly positive with both
sales and prices increasing.
For surrounding towns, the trend is not so positive.
Sales are down and prices are up.
Summary Westport Real Estate Market Performance
through August, 2011
Median selling price was up 8% in 2011 vs. 2010 and down
20% since the peak in 2008.
Westport Properties sold through August, 2011
Properties sold through June 2011 was up 5% since
same period 2010 and down 16% since peak in 2007.
Westport Average days on market through August, 2011
The Average Days on Market was up 5% in 2011 vs. 2010
Summary Surrounding Towns (Norwalk, Wilton, Weston,
Fairfiled, Easton, Ridgefield aand Redding) Real Estate
Market Performance through August, 2011
Median selling Price through August, 2011
Median selling price was up 16% in 2011 vs. 2010 and down
1% since peak in 2007.
Properties sold through August, 2011
Properties sold through June, 2011 was down 11%
since 2010 and down 38% since peak in 2007.
Average days on market through August, 2011
The Average Days on Market was up 8% 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
September 21, 2011 was down 3.4% vs. last month and
down 5.5% since last year.
Inventory of Properties for Sale in
surrounding towns
The number of houses and condos for sale as of
September 21, 2011 was down 2% vs. last month and about
The same as 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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