Westport is still a Buyer’s Market with 8.1 months of inventory on the market (the 12 month figure is used for the absorption analysis. The three month trend line shows more homes selling per month, less supply on the market (291 homes were on the market in January 2012 compared to 245 in January 2013). Westport appears to have hit bottom in February 2012, and is in recovery. WESTPORT INVENTORY
WESTPORT SALES
HOTTEST HOMES IN WESTPORT What homes are most in demand by buyer in Westport? The sweet spot in the … (0 comments)
Westport is still a Buyer’s Market with 11.1 months of inventory on the market (the 12 month figure is used for the absorption analysis). The six month trend prices are much lower than the 12 month trend prices, but as you can see from the three month figures, sales have slowed. Westport appears to have hit bottom in February 2012, but the recovery is mixed. The gains of the Spring market have not been sustained. Prices are lower and days on market are back up to where they were before the Spring market. Over the … (0 comments)
Westport, Connecticut had a great Spring market with rising prices and decreasing inventory. In fact, prices have been rising over the past 12 months, so this is not just a Spring market artifact. The amount of inventory that the market can absorb has not improved, however. We look at the absorption rate over a 12 month period (see chart above), which means that it would take 14 months to sell every home currently on the market in Westport. Although it is still a Buyer's Market in Westport, it is … (2 comments)
The Westport, Connecticut real estate market is improving. The 3 month comparison shows that both the number of sales and market prices have increased. The amount of inventory that the market can absorb has only improved slightly. We look at the absorption rate over a 12 month period (see chart above), which means that it would take12 months to sell every home currently on the market in Westport. Although it is still a Buyers Market in Westport, it is in line with many other Fairfield County towns. It is one of the few … (0 comments)
Westport is is the only town to show increases in Average List Price and Sales Price for the past six months. However, it would take 13.6 months to sell off all the inventory in Westport (the 12 month rate is used), so it is still a strong Buyer’s Market in Westport. (A balanced market is 6 months of inventory and less than 6 months is a Seller’s Market.) The Average Homes Sold Per Month figure shows fewer homes are selling and spending more Days on Market before selling, so we have mixed … (0 comments)
westport ct realtor: How to Sell Your Westport Connecticut Home in a Buyer's Market - Part 5 of 6
- 03/18/12 10:49 PM
SHOWING YOUR GREENS FARMS CONNECTICUT HOME After you have set the price, staged your Greens Farms Connecticut home, and agreed upon a marketing plan with your listing agent, the next step is to make your home easy to see and to show off your home in its best possible light. EASY TO SHOW These are important words to busy buyer agents. When your home is "easy to show" buyer agents may include your home in their schedule even if it isn't quite what their buyers say they want. This is good because buyers sometimes fall in love with a home outside … (0 comments)
westport ct realtor: How to Sell Your Westport Connecticut Home in a Buyers Market - Part 4 of 6
- 03/13/12 12:08 PM
MARKETING YOUR WESTPORT CONNECTICUT HOME Print advertising is dead. Well, almost! Newspaper circulation is down and newspapers are shutting their doors across the U.S. In tracking my Return on Investment (ROI) in advertising, I have seen print advertising decrease in effectiveness and Internet marketing increase. MARKETING VS. ADVERTISING Let's talk a bit about the difference between marketing and advertising. Advertising is when you pay the media to announce details of your product or service, such as when your agent takes an ad out in The Real Estate Book, a publication that is distributed at grocery stores, gas stations, and other public places. Marketing involves … (0 comments)
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