Westport and surrounding towns are out performing real estate market performance as reported by Case Shiller from Steve Reilly.

Westport and surrounding towns are out performing real estate market performance as reported by Case Shiller.

For Westport, median selling price in March, 2012 was up 31% since last month, up 57% since last year and down 11% since peak.

For surrounding towns, median selling price in March, 2012 was up 10% since last month, down 1% since last year and down 29% since peak

For top 10 markets, median selling price in March, 2012 was down .09% since last month, down 2.85% since last year and down 35% since peak

For top 20 markets, median selling price in March, 2012 was down .03% since last month, down 2.57% since last year and down 35% since peak

Regards,

Steve Reilly, Realtor

Higgins Group

Best Practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

Update on Real Estate Market from Steve Reilly

Data through March 2012, released today by S&P Indices for

its S&P/Case-Shiller Home Price Indices, the leading measure

of U.S. home prices, showed that all three headline composites

ended the first quarter of 2012 at new post-crisis lows.

In the top 10 markets prices were down .09% since last month.

down 2.85% since last month and down 35% since peak.

In the top 20 markets prices were down .03% since last month,

down 2.57% since last year and down 35% since peak.

In the New York Markets prices were down .85% since last month.

down 2.75% since last year and down 27% since peak.

In the Boston Market prices were down .21% since last month.

down .96% since last month and down 20% since peak.

Steve Reilly, Realtor

Higgins Group

Best practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

Westport and surrounding towns real estate market performance through March, 2012 from Steve Reilly

Summary Westport Real Estate Market Performance

through March, 2012

 

Median Selling price 2012 YTD was $1,130,000 up 12%

since last year and down 13% since the peak in 2008.

The trend is up.

Properties sold through March 2012 YTD was 66 up 14%

since last year. The trend is up.

Average Days on Market 2012 YTD was 129 up 8% since

last year.  The trend is up.

Summary Surrounding Towns (Norwalk, Wilton, Weston,

Fairfiled, Easton, Ridgefield and Redding) Real Estate

Market Performance through March, 2012

Median selling price was $415,000 YTD in 2012 down 12%

since last year and down 28% since peak in 2006. The

trend is flat.  

Properties sold through March 2012  was 360,

down 7% since 2011 and down 46% since peak

in 2005. The trend is flat to down.

The Average Days on Market was 146 YTD up 5% since

last year. The trend is up.

 

Inventory of Properties for Sale in Westport

The number of properties as of April 25, 2012

was 372 which is 12 months of inventory up 4%

since last month and up 4% since last year. The trend is flat.

.

Inventory of Properties for Sale in

surrounding towns

 

The number of houses and condos for sale as of March 25,

2012 was 2596 which down since last month and up since

last year. The trend is flat.

See the following site for real estate information

or call any time.

www.swreilly.com

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

swreilly@swreilly.com

www.swreilly.com

licensed in Connecticut