Wall Street Journal reported April 16, 2014 that the spring market is
off to a slow start
Home
sales declined in 1Q 2014 vs 2013
This
was attributed to rising prices, low inventory and an increase in mortgage
rates, 20% since last year. Interesting that they didn't mention the weather which was a factor.
For
Westport and surrounding towns:
Westport
1Q sales were down 12% from 2013, median
selling price of homes sold in 2014 was less than 2013 and there is no shortage
of inventory.
Towns
around Westport 1Q 2014 was down 5% from 2013, median selling price was up
marginally and there is no shortage of inventory.
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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