Friday, February 28, 2014

Westport and surrounding towns Real Estate Market Trends through January, 2014 from Steve Reilly



Westport and surrounding towns Real Estate Market Trends
through January, 2014 from Steve Reilly

Reminder we focus on trends not monthly swings. If you want to see trends email to swreilly@swreilly.com "Request real estate trends" in subject line. 

Westport Median Selling Price
The Median Selling Price trend has been increasingsince 2011 but January, 2014 was less than last year. January, 2014 was about the same as 2006 and 2007.

Westport Property Sales The trend had been Increasing
since 2009 but both 2013 and 2014 were  down from 2012.

Average days on Market – The trend for how long it takes
to sell a house had been increasing since 2011 but made a
significant improvement in 2014.

Months of Inventory –The trend has been improving since
2009 with a marginal increase in 2014. There is plenty of inventory.

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

Median Selling Price – The median selling price had
been flat since 2009 but showed an increase in 2014.


Properties Sold The trend as been improving since 2009.

Average Days on Market – The trend of how long it takes to sell a house
improved in 2013 and 2014.

 Months of Inventory – has been declining since 2008 except for 2012.
This is good news for sellers and bad news for buyers. There is still
plenty of inventory.
                                         
 See the following link for more sales information
including specific sales by town.


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




Saturday, February 8, 2014

Westport and surrounding towns Real Estate Market Trends through December, 2013 from Steve Reilly



Westport and surrounding towns Real Estate Market Trends through December, 2013 from Steve Reilly

Reminder we focus on trends not monthly swings

The following through December, 2013
Westport Median Selling Price

The Median Selling Price trend has been increasing since 2011. December, 2013  was 4% less than
peak in 2007.

Westport Property Sales The trend has been Increasing since 2009. 2013 sales was 12% less than peak in 2004.

Average days on Market – The trend for how longit takes to sell a house has been flat since 2011 after
significant improvements in 2009 through 2011.

Months of Inventory –The trend has been improving since 2008.

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

Median Selling Price – The median selling price has been flat since 2009.

Properties Sold The trend as been improving since 2009.

Average Days on Market – has been flat since 2011 after improving in 2010 and 2011.

Months of Inventory – has been declining since 2008. Good news for sellers and bad news for buyers.
                                                                                

See the following link for more sales information
including specific sales by town.


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