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Westport Connecticut Real Estate Market Trends - December 2012

By
Real Estate Agent with William Raveis Real Estate RES.0772823

WESTPORT

Market Trends

December 2012

Westport Real Estate Market Trends December 2012

Westport is almost a balanced market with 6.9 months of inventory on the market (the 12 month figure is used for the absorption analysis.   The three month trend prices are higher than the six month trend prices, and suggest that higher end homes sold near the end of the year.

Westport appears to have hit bottom in February 2012, and is in recovery.  The sales of higher end homes is especially encouraging.

Westport Inventory

Westport Real Estate Inventory December 2012

Westport Sales

Westport Real Estate Sales December 2012

Hottest Homes in Westport

What homes are most in demand by buyer in Westport?  The sweet spot in the market is for 5+ bedroom homes with a list price of $2.1-2.2 million.  They tend to be on the market for 129 days and sell for 97% of list price.

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