There have been 75 single family home sales, in Westport Connecticut, year-to-date. That represents a 41% decline, over the same period, a year ago. More than a third of those homes sold for under $1,000,000. Clearly, it has been a great opportunity for buyers to move to Westport, who previously could not afford it. But, is that trend coming to an end?
Currently, there are 51 properties, reported with a sale pending. Only 16% of those homes are listed, under $1 milliion. 44% of the pending sales are for homes listed over $2 million. This compares with 28%, sold in that price point, Y-T-D. It is still a "Buyer's Market", and unit sales continue to lag behind 2007. With, sale prices of comparable homes trending down from last year, the more traditional Westport buyer may be returning to the market.
THIS DATA IS COMPILED FROM THE CONSOLIDATED MULTIPLE LISTING SERVICE AND MAY NOT ALWAYS BE ACCURATE. NO WARRANTY IS MADE AS TO THE ACCURACY OF THIS INFORMATION. YOU SHOULD VERIFY ANY INFORMATION THAT IS IMPORTANT TO YOUR BUYING
