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.
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.