Summary Real Estate Market Performance
Through November, 2011 vs. 2010
For Westport, sales were up same as last year
and the median selling price was up 5%.
For surrounding towns, sales were down
12% and the median selling price was
up 1%.
For Westport, inventory of properties for sale
was same as last year.
For surrounding towns, inventory of properties
For sale was same as last year.
See the following charts for details.
Summary Westport Real Estate Market Performance
through November, 2011
Median Selling price 2011 YTD $1,050,000, up 5% in 2011
vs. 2010 YTD and down 19% since the peak in 2008.
Properties sold through November 2011 YTD 354 the same
as last year and down 33% since peak in 2004.
Average Days on Market 2011 YTD was 106, the
same as last year.
Summary Surrounding Towns (Norwalk, Wilton, Weston,
Fairfiled, Easton, Ridgefield aand Redding) Real Estate
Market Performance through November, 2011
Median selling price was $514,000 YTD in 2011 Up 1%
in 2011 vs. 2010, down 13% since peak in 2007.
Properties sold through November 2011 was 1842
Down 12% since 2010 and down 49% since peak
in 2005.
The Average Days on Market was 119 YTD through
November Up 9% since last year
Inventory of Properties for Sale in Westport
The number of properties as of December 21,
2011 was 271. This represents 8 months of
Inventory down since Last month and about
the same as last year.
Inventory of Properties for Sale in
surrounding towns
The number of houses and condos for sale as of
December 21, 2011 was 1823. This represents
9 months of inventory about the same as last
year.
See the following site for real estate information
or call any time.
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
