On February 22, 2014 the National Association of Realtors
reported that January, 2014 property sales hit an 18 month low.They attributed the low sales to a lack of inventory, higher
prices and higher mortgage rates. They said that inventory of properties available for sale was 4.9 months and that prices
had risen 10.7% since last year. Interesting that they didn’t mention the weather as a factor. I wonder if they live on
the moon.
For Westport, sales for January 2014 was 21 lowest in last
18 months, Median sales price was down since 2013 not up and there is plenty of
inventory.
For towns around Westport, January sales were 146,
down from last 18 month average but not as low as January 2013, median sales
price was up 12% since January 2013, about
the same as last 12 months and there is plenty of inventory.
Regards, Steve
Steve Reilly, Realtor
Higgins Group
278 Post Rd, East
Westport, CT 06880
203-246-7372
