Monday, July 22, 2013

June, 2013 Westport and surrounding towns real estate market performance

The Through June, 2013
Westport Median Selling Price

The Median Selling Price trend has been increasing
since 2010. June, 2013 was $1,289,000, peak month was  
Feb, 2008 $1,475,000 and peak June was 2007 $1,305,000

Westport Property Sales – started increasing in 2010
and continued through 2013.   

Average days on Market – The trend for how long it takes
To sell a house has been flat since 2011.

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
started to improve in 2013. .  

Properties Sold has been increasing since 2011. .

Average Days on Market – has been flat since 2009.

Months of Inventory – has been declining since 2009
with a substantial reduction in 2013. This is good for
sellers and bad for buyers.

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