Westport
and surrounding towns Real Estate Market Trends
through
January, 2014 from Steve Reilly
Reminder we focus on trends not monthly swings. If you want to see trends email to swreilly@swreilly.com "Request real estate trends" in subject line.
Westport Median Selling Price
The Median Selling Price trend has been increasingsince 2011 but January, 2014 was less than last year. January, 2014 was about the same as 2006 and 2007.
Westport
Property Sales – The trend had
been Increasing
since
2009 but both 2013 and 2014 were down from 2012.
Average
days on Market – The trend for how long it takes
to
sell a house had been increasing since 2011 but made a
significant
improvement in 2014.
Months of
Inventory –The trend has been improving since
2009 with a
marginal increase in 2014. There is plenty of inventory.
Towns
surrounding Westport include (Easton,
Fairfield,
Norwalk,
Redding, Ridgefield, Weston and Wilton)
Median
Selling Price – The median selling price had
been flat since 2009 but showed an increase
in 2014.
Properties Sold The trend as been improving since 2009.
improved in 2013 and 2014.
Months of
Inventory – has been declining since 2008 except for 2012.
This is good
news for sellers and bad news for buyers. There is still
plenty of
inventory.
See the
following link for more sales information
including
specific sales by town.
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
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