Westport
and surrounding towns Real Estate Market Trends
through March, 2014 from Steve Reilly
Reminder we focus on trends not
monthly swings
Westport Median Selling Price - The Median Selling Price trend had been
increased 2011 to 2013 but 2014 was less than last 2013.
Westport Property Sales
– The trend had been Increasing since
2009 but 2014 was less than 2013.
Average
days on Market – The trend for how long it takes to sell a
house has been improving since 2012.
Months of Inventory - The
trend has been improving since 2009 with 2014 about the same as 2013.
At 10 months, there is plenty of inventory.
Towns
surrounding Westport include (Easton,
Fairfield, Norwalk, Redding, Ridgefield, Weston
and Wilton)
Median
Selling Price – The median selling price has been improving since 2012.
Properties Sold - The trend has been relatively flat since 2010.
Average Days on Market – The
trend of how long it takes to sell a house has been improving since 2011.
Months of
Inventory – has been declining since 2009 except for 2014.
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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