Westport
and surrounding towns Real Estate Market Trends
through
June, 2014 from Steve Reilly
Reminder we focus on trends not
monthly swings
Westport Median Selling Price - The Median Selling Price trend had been increased 2010 to 2012 but has
been flat for past two years.But, 2014 median sales price of $1,252,000 is healthy.
Westport Property Sales
– The trend had been Increasing since
2009 but 2014 was less than 2013.
Average
days on Market – The trend for how long it takes to sell a house had been
improving since 2009
but
in 2012 and 2014 it took longer to sell a property.
Months of Inventory –The
trend has been improving since 2009 but in 2014 there was an
increase in inventory of properties for sale. At
9 months,
there is plenty of inventory.
Towns
surrounding Westport include (Easton,
Fairfield, Norwalk, Redding, Ridgefield, Weston
and Wilton)
Median
Selling Price – The median selling price has been improving since 2012.
Properties Sold The trend has been relatively flat since 2010.
Average Days on Market – The trend of how long it takes to sell
a house has been improving since 2012
.
Months of
Inventory – has been declining since 2009. This is good news for sellers
and bad news for buyers.At 6 months,
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
