The following through July,
2013
Westport
Median Selling Price
The Median Selling Price trend has been
increasing
since 2010. July, 2013 was $1,280,000, peak month was
Feb, 2008 $1,475,000 and peak July was 2007 $1,305,000
Westport
Property Sales – started increasing in 2010
and continued
through 2013. Number sold YTD through
July, 2013 was 274,
peak was 341 in 2004.
Westport Average
days on Market – The trend for how long it takes
To sell a house was
flat 2011 to 2012 with an
improvement in
2013.
Westport Months of
Inventory –The trend 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 improving
since 2011.
Months of
Inventory – has been declining since 2011
with
substantial reductions in 2012 and 2013. In July,
2013 there
was 5 months of inventory back where it
was in 2005
before the market started to soften.
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
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