Westport and surrounding towns Real Estate Market Trends through August, 2015 from Steve Reilly

Westport and surrounding towns Real Estate Market Trends through August, 2015 from Steve Reilly 
We focus on trends not monthly swings. 

Westport Median Selling Price - The median selling price has increased since 2011 with a slight dip in 2013. 


Westport Property Sales – The number of Properties sold has been decreasing Since 2013. For 2015, normal annual increase through July then decline starting in August. 

 

Average days on Market – The trend for how long it takes longer to sell a house has been increasing since 2013. 



Months of Inventory – Months of inventory has been increasing since 2013. 

 

Westport Active Listings – There have been more properties available for sale since 2013. 




Towns surrounding Westport include (Easton, Fairfield, Norwalk, Redding, Ridgefield, Weston and Wilton) 

Median Selling Price – The median selling price trend has been decreasing since 2013. 



Properties Sold - There has been a slight reduction since 2013. 

 

Average Days on Market – The trend of how long it takes to see a house has been declining since 2011. 

 
Months of Inventory – Months of Inventory has been increasing since 2013 After a drastic decline 2011 to 2013. 



Active Listings – There have been more properties available for sale since 2013. 
 



Please call if you would like to know how your town or street is performing 

Regards, Stephen Reilly 
Higgins Group 
Best Practice Real Estate 
278 Post Road East Westport, CT 06880 
203-246-7372 
swreilly@swreilly.com www.swreilly.com 
licensed in Connecticut

local real estate market performance

On 7/22/15 Wall Street Journal reported that median sales price of existing homes sold in June, 2015 reached an all-time high and was 6.5% greater than June 2014. In June, 2015 the median sales price of existing homes sold was $236,400 and previous high was $230,400 in July, 2006.

So, I decided to see this compares with the local market. 

For Westport, the median sales price was $1,605,000 or 31.8% greater than June 2014 and close to the previous all-time high of $1,680,000 in April, 2008.

For towns around Westport, the median sales price was $567,000 or 6.5% less than June, 2014 and 14% less than the all-time high of $658,000 in July, 2007