Westport and surrounding towns real estate market continues to out perform what is reported in the press.
As of close of November, 2011 business:
For Westport, Case Shiller reported that the median selling price peaked in 2006 when in fact the Westport market peaked in 2008. And, Case Shiller reported that current prices were down 22% from the peak when in fact prices were down 16%.
For Westport surrounding towns, Case Shiller reported that the median selling price peaked in 2005 when in fact the market peaked in 2007. And, Case Shiller reported that current prices were down 16% from the peak when in fact prices were down 13%.
The important thing to remember is, if you want to know how the real estate market is performing call me. Don’t rely on what you read in the news.
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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