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
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