Westport Area Real Estate Market starting to show improvement

Local Real Estate Market Information©

(Through January, 2010 as of February 12, 2010)

TRENDS OF UNITS SOLD, MEDIAN SELLING PRICE AND AVERAGE DAYS ON MARKET

For, Fairfield County,

Properties sold - The trend has been down but that is starting to change. There was an increase in December, 2009 and again in January, 2010. For Westport, the same was true.

Median selling price - The trend has been down but that is starting to change. There was an increase in December, 2009 and again in January, 2010. For Westport, there was a big increase in January, 2010.

Average days on Market - The trend for last few months has been flat and there was no increase in January, 2010. For Westport, Days on market continued to increase in January, 2010.

You can see trends for all Fairfield County and Westport at he following link:

http://www.swreilly.com/marketinformation/localmarketinformation.htm

MONTHS OF INVENTORY FOR SALE BY TOWN IN FAIRFIELD COUNTY

Inventory is still high but the trend over the last few months was to have less propertis for sale but there was an increase in January, 2010 reversing the recent trend. See in the following charts.

http://www.swreilly.com/marketinformation/localmarketinformation.htm

Stephen Reilly

Higgins Group

Best Practice Real Estate

278 Post Road East

Westport, CT 06880

203-246-7372

swreilly@swreilly.com

www.swreilly.com