Westport and
surrounding towns Real Estate Market Trends
through September,
2014 from Steve Reilly
We focus on trends not monthly swings.
Westport Median Selling Price
The Median Selling Price trend
had been increasing since 2011. But, 2014
Was a reduction from 2013.
The trend for the month of
September has been flat since 2010. September, 2014 was 31% less than
August, 2014.
Westport Property Sales – The
trend had been Increasing
since 2009 but 2014
was less than 2013.
Average days on Market – The trend shows
that it takes
longer to sell a house
since 2012.
Months of Inventory –The trend has
been for less inventory available for sale since 2009 but
In 2014 there was an increase from 7
months to 11 months of inventory. This reversed a recent
Trend for less properties available for
sale.
Towns surrounding Westport include (Easton, Fairfield, Norwalk, Redding,
Ridgefield,
Weston and Wilton)
Median Selling Price – The median
selling price trend has been improving since 2010.
During 2014, median sales price declined
during the winter, increased during the
Summer and declined in the fall.
Properties Sold The
trend had been increasing
since 2009. However, there was a
decrease in 2014 similar to National Sales as
reported by the National Association of
Realtors.
Average Days on Market – The
trend is that it takes less time to sell a
house.
Months of Inventory – trend has
been declining since 2009 with a slight increase
of houses available for sale in 2014.
In 2014, inventory increased during the
winter, declined through the summer and increased again in
Late summer into the fall.
Please call if you would like to know how
your town or street is performing
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
