Market Trends Report
The Weston, Connecticut real estate market is still a Buyers Market, but it is a much stronger market than a year ago. Average prices are higher than a year ago due to more sales at the high end, more homes are selling, and inventory is much lower.
The amount of inventory that the market can absorb is better than a year ago. We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take about 10 months to sell every home currently on the market in Weston. This is significantly better than the 14-15 months of inventory a year ago.
Although it is still a Buyers Market in Weston, this has been an active Spring market in Fairfield County, so we hope next month's chart shows more green areas and less orange.
The lowest sale in the past three months was $335,000 and the highest was $1.8 million. The median sale price was $750,000. Seven homes over $1 million sold in the past three months.
HOTTEST HOMES IN WESTON
If you are thinking of buying or selling in Weston, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.