real estate market statistics: Is Westport Inventory out of Synch with the Market?
- 06/21/12 05:15 AM
The year started on a high note, with Westport single-family home sales surging 44% in January, compared with January 2011. While February and March unit sales held even with 2011, March statistics showed improved activity in the upper end of the market. One-third of the homes sold, closed above $2 million. However, the promise of a strong spring market quickly disappeared, as each successive month posted disappointing sales results. Year-to-date (6/20/12,) single-family homes sales were down 11.5% vs. the corresponding period, a year ago.
At the same time, inventory at the high end of the market continued to … (0 comments)
real estate market statistics: Westport, CT - All Real Estate is Local
- 08/25/10 03:05 PM
All real estate is local. We've all heard that expression, time and time again. While national statistics released this week appear to spell more doom and gloom for the housing market, Westport results belie that notion. Nationally, new homes sales data, released this morning, showed a 12.4% drop for July, versus the previous month. July was also touted as falling to its slowest pace on record (since 1963.) Earlier this week, July existing home sales were reported at a 15 year low, according to the National Association of REALTORS. Westport statistics, however, continue to fly in the face of national … (5 comments)
Author Bio: Marilyn Katz writes about real estate and Westport, CT. In her blog she highlights community amenities, events and activities and offers insight into the local real estate market. In her real estate practice she works with buyers, sellers and renters in Westport, CT and the surrounding communities.
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