Behind the Numbers: Home Resales from Steve Reilly

The Wall Street Journal reported on Thursday April 21, 2011 that sales of previously

owned sales rose slightly (3.7%) in March 2011, compared to February and prices

continue to fall. See the article at the following link.

However, in Westport the trend is flat and for surrounding towns, the trend is down  

But, the trend in median selling price is up.

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I don’t think we should pay much attention to these month to month comparisons

because it’s the trend that matters and real estate is a local issue.

In Westport the trend in sales is flat to down slightly. Sales is 2011 were down 2%

from 2010.

And, the trend in median selling price is up. Median selling price in 2011

was up 22 since last year.

For Westport and surrounding towns, the trend in units sold is flat to down

slightly. 2011 was down 7% compared to 2191.

pe.

 And, the trend in median selling price is up 5% since last year.

If you what’s going on in Fairfield County please call or email

me.

Regards, Steve

Steve Reilly

Higgins Group

Best Practice Real Estate

swreilly@Swreilly.com

Westport-homestore.com