Market Trends Report
Westport, Connecticut had a great Spring market with rising prices and decreasing inventory. In fact, prices have been rising over the past 12 months, so this is not just a Spring market artifact.
The amount of inventory that the market can absorb has not improved, however. We look at the absorption rate over a 12 month period (see chart above), which means that it would take 14 months to sell every home currently on the market in Westport.
Although it is still a Buyer's Market in Westport, it is in line with many other Fairfield County towns. It is one of the few towns with sale prices significantly higher than a year ago.
If you are thinking of buying or selling in Westport, please call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.