Weston is still a strong Buyer’s Market, but trending towards a more balanced market. The Spring market did bring more buyers and sale prices picked up, but there is still a lot of inventory on the market, 14.3 months worth (we use the 12 month figure for the absorption analysis). This is the highest of the Fairfield County towns we track. Average Days on Market has finally begun to decrease as inventory also decreases.
The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery.
What homes are most in demand by buyer in Weston? The sweet spot in the market is for 4 bedroom homes with a list price of $800,000-825,000. They tend to be on the market only 105 days and sell for 96% of list price.