Market Trends Report
The Weston market has not improved since last year with 6% fewer homes selling this quarter than at the same time last year. There are 23% fewer listings on the market which has resulted in 21 months of inventory vs. 26 months last year. Sale prices have increased by 21% due to a combination of lower inventory and more sales at the high end of the market.
Last year in Q1 the price range was $197,500 to $1.2 million with a median sale price of $625,000. 1 home sold for over $1 million. In Q1 2013, the lowest sale was $335,000 and the highest was $1.8 million with a median sale price of $656,000. 2 homes sold for over $1 million.
The homes most in demand in Weston during Q1 2013 were 5+ bedrooms in the $950,000-975,000 list price range. They tended to be on the market 138 days and sell at 96% of list price.
If you are thinking of buying or selling in Weston, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.