Summary Real Estate Market Performance
Through December, 2011 vs. 2010
Prices in the Westport market have stabilized so
my advise to buyers and sellers is to take advantage
of the low interest rates and make your move.
For Westport, sales were 379, the same as last year
and the median selling price was $1,010,000, about
the same as last year..
For surrounding towns, sales were 2011 down
12% and the median selling price was $508,000,
the same as last year.
For Westport, inventory of properties for sale
was 273 or 9 months of inventory down from last
month and up since last year.
For surrounding towns, inventory of properties
for sale was 2044 down from last month and
up since last year.
See the following charts for details.
Summary Westport Real Estate Market Performance
through December, 2011
Median Selling price 2011 YTD was $1,010,000, about
the same as last year and down 20% since the peak in 2007.
Properties sold through December 2011 YTD 379 was the same
as last year and down 33% since peak in 2004.
Average Days on Market 2011 YTD was 107, the
same as last year.
Summary Surrounding Towns (Norwalk, Wilton, Weston,
Fairfiled, Easton, Ridgefield aand Redding) Real Estate
Market Performance through December, 2011
Median selling price was $508,000 YTD in 2011 same as
last year and down 13% since peak in 2007.
Properties sold through December 2011 was 2011
down 12% since 2010 and down 51% since peak
in 2004.
The Average Days on Market was 120 YTD through
December Up 9% since last year
Inventory of Properties for Sale in Westport
The number of properties as of January 24,
2012 was 273 which is 9 months of inventory.
Since June, 2011 the trend is less houses
available for sale.
Inventory of Properties for Sale in
surrounding towns
The number of houses and condos for sale as of
January 24, 2012 was 2044 which represents
10 months of inventory. Since June, 2011 the
trend is less houses available for sale.
See the following site for real estate information
or call any time.
See the following link for more sales information including specific
sales by town.
http://www.higginsgroup.com/market-news/
Regards,
Stephen Reilly
Higgins Group
Best Practice Real Estate
278 Post Road East
Westport, CT 06880
203-246-7372
www.swreilly.com
licensed in Connecticut
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