Westport
and surrounding towns Real Estate Market Trends
through
December 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 reversed this trend as prices were down from 2013.
Westport
Property Sales – The trend had been Increasing
since 2009 but 2014
Reversed
this trend as number of sales was less than 2013.
Has
been flat since 2011.
Months of
Inventory –The trend had been for less inventory available for sale since
2008 but
In 2014
there was an increase from 7 months to 9 months of inventory. This reversed the
trend.
Towns
surrounding Westport include (Easton,
Fairfield, Norwalk, Redding, Ridgefield,
Weston and
Wilton)
Median
Selling Price – The median selling price trend has been flat since 2009.
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 of how long it takes to see a
house has
been flat since 2011.
Months of
Inventory – trend had been declining since 2009 but 2014 reversed
this trend
As there
were more properties available for sale. During 2014 there were on average
9.5 months
of inventory.
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
