Westport and surrounding
towns Real Estate Market Trends as of Feb 2013 from Steve Reilly. If you want to see the charts that do a better job showing the trends email me subject market information request an I will send the detail.
Westport
Median Selling Price
The Median Selling Price trend has been increasing
since 2010 with a big bump in 2013.
Westport
Property Sales – started increasing in 2010
and
continued through 2013.
Average
days on Market – has been reduced since 2011 with trend
Down which
means it takes less time to sell a house.
Months of
Inventory – has been declining since 2009. According to CMLS as of
February,
2013 there are 11 months of inventory. This is
less than it has been since
2009 but
high by historical standards
Towns
surrounding Westport include (Easton, Fairfield, Norwalk, Redding,
Ridgefield, Weston and Wilton)
Median
Selling Price – The median selling price increased in 2013 but trend is
flat since 2009.
Properties Sold increased in 2013 but trend has been flat since
2010.
Average Days on Market – was constant 2010 through 2012 but
decreased in 2013.
Months of Inventory – has been declining since 2009 and
decreased by 30% in 2013..
This is good
for sellers and bad for buyers.
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
