Westport Real Estate Market comared to Case Shiller from Steve Reilly

Case Shiller (Standard and Poors) reported that top 10 markets they track were up 8.6% in February compared to February 2012 and top 20 markets were up 9.3 same time comparison. For February, 2013 vs. February 2012 Median Selling Price was up 40%.It will be interesting to see if this trend continues.

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Westport and surrounding towns Real Estate Market Trends from Steve Reilly

The following through March, 2013

Westport Median Selling Price

The Median Selling Price trend has been increasing

since 2010. However, March 2013 was down from

Jan and Feb 2013. The solid line is actual median

selling price and dotted red line is trend.

Westport Property Sales – started increasing in 2010

and continued through 2013. Blue is actual sales and red is trend.  

Average days on Market – The trend for how long it

takes to sell a house has been increasing since 2010

but 2013 showed an improvement.

Months of Inventory – has been declining since 2009.

Towns surrounding Westport include (Easton, Fairfield,

Norwalk, Redding, Ridgefield, Weston and Wilton)

Median Selling Price – The median selling price has not

improved in these towns.  

Properties Sold increased in 2010, stayed flat for a few years and

increased again in 2013.

Average Days on Market – has been declining since 2011.

Months of Inventory – has been declining since 2009.

This is good for sellers and bad for buyers.

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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Westport and surrounding towns Real Estate Market Trends from Steve Reilly

The following through March, 2013

Westport Median Selling Price

The Median Selling Price trend has been increasing since 2010. However, March 2013 was down from Jan and Feb 2013. The solid line is actual median selling price and dotted red line is trend.

Westport Property Sales - started increasing in 2010 and continued through 2013. Blue is actual sales and red is trend.

Average days on Market - The trend for how long it takes to sell a house has been increasing since 2010 but 2013 showed an improvement.

Months of Inventory - has been declining since 2009.

Towns surrounding Westport include (Easton, Fairfield, Norwalk, Redding, Ridgefield, Weston and Wilton)

Median Selling Price - The median selling price has not improved in these towns.

Properties Sold increased in 2010, stayed flat for a few years and

increased again in 2013.

Average Days on Market - has been declining since 2011.

Months of Inventory - has been declining since 2009. This is good for sellers and bad for buyers.

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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