Market Trends Report
The Wilton, Connecticut real estate market is still a strong Buyers Market. The chart above show that average sale prices are increasing, but are still significantly lower than a year ago. However, the number of homes sold has picked up and Average List to Sales price has remained steady.
The amount of inventory that the market can absorb has remained steady. We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take about 15 months to sell every home currently on the market in Wilton. That's still a very high number for Fairfield County, but the 3 month indicator is in a positive direction, moving towards a more balanced market.
If you are thinking of buying or selling in Wilton, Connecticut, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.