Westport and surrounding towns real estate market performance through September, 2011 from Steve Reilly

Summary Real Estate Market Performance

Through September, 2011 vs. 2010

 

 

For Westport, sales were 309 up 3% and the

median selling price was $1,050,000 up 4%.

For surrounding towns, sales were 1541 down

10% and the median selling price was $549,000

up 6%.

For Westport, inventory of properties for sale

was 357 which represents 11 months of inventory.

For surrounding towns, inventory of properties

For sale was 2624 which represents 11 months

of inventory.

.

Summary Westport Real Estate Market Performance

through September, 2011

 

Median Selling price 2011 YTD $1,050,000, up 4% in 2011

vs. 2010 YTD, down 25% since last month, and down 22%

since the peak in 2008.

Properties sold through September 2011 YTD 309, up 3%

since last month YTD, down 35% since last month

and down 32% since peak in 2004.

Average Days on Market 2011 YTD was 104, up 5% in 2011

 vs. 2010 and up 37% since best year 2004.

Summary Surrounding Towns (Norwalk, Wilton, Weston,

Fairfiled, Easton, Ridgefield aand Redding) Real Estate

Market Performance through September, 2011

Median selling price was $549,000 YTD through September,

Up 6% in 2011 vs. 2010, down 8% since peak in 2007 and

Down 1% since last month.

Properties sold through September 2011 was 1541,

Down 10% since 2010, 19% since last month and

down 37% since peak in 2007.

The Average Days on Market was 117 YTD through September,

Up 9% since last year

Inventory of Properties for Sale in Westport

The number of properties as of October 21, 2011

was 357

This represents 11 months of inventory, is down

1.9 % since Last month and down 9.4% since

last year.

Inventory of Properties for Sale in

surrounding towns

 

The number of houses and condos for sale as of

October 21, 2011 was 2624

Down 1.2 vs. last month and down 1.3% since last year.

This represents 11 months of inventory

See the following sites for real estate information

or call any time.

www.swreilly.com

Regards,

Stephen Reilly

Higgins Group

Best Practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

swreilly@swreilly.com

www.swreilly.com

licensed in Connecticut