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

Summary Westport Real Estate Market Performance through May, 2012

Median Selling price 2012 YTD was $1,103,000 up 2.95% since last year and down 35% since the peak in 2007. The trend is up.

Properties sold through May 2012 YTD was 125 down 9% since last year. The trend is down since 2011.

Average Days on Market 2012 YTD was 122 up 8% since last year. The trend is flat.

Summary Surrounding Towns (Norwalk, Wilton, Weston, Fairfiled, Easton, Ridgefield and Redding) Real Estate Market Performance through May, 2012

Median selling price was $433,000 YTD in 2012 down 8%

since last year and down 35% since peak in 2005. The trend is down.

In towns surrounding Westport, properties sold through May 2012 was 747 up 2% since 2011. The trend is flat.

The Average Days on Market was 132 YTD up 2% since last year. The trend is up.

Inventory of Properties for Sale in Westport

The months of inventory on the market for sale was 11 in May, 2012. The recent trend is up recently.

.Inventory of Properties for Sale in surrounding towns

The months of inventory available for sale in May was 10. The recent trend is down.

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

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