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WESTPORT

Property Sales

January Property sales were 14, down -50.0% from 28 in January of 2018. January 2019 sales were at their lowest level compared to January of 2018 and 2017. January YTD sales of 14 are running -50.0% behind last year’s year-to-date sales of 28.

Prices

The Median Sales Price in January was $1,238,000, down -11.3% from $1,396,250 in January of 2018. The Average Sales Price in January was $1,229,231, down -22.2% from $1,579,224 in January of 2018. January 2019 ASP was at the lowest level compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 294, up 15.7% from 254 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 21.0 months was at its highest level compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 107, down -1.8% from 109 days in January of last year. The January 2019 DOM was at its lowest level compared with January of 2018 and 2017.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $360 was up 6.5% from $338 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 90.3% was down from 90.9% in January of last year.

Inventory / New Listings / Sales

The number of New Listings in January 2019 was 91, up 24.7% from 73 in January of last year.

Detailed Market Report

WESTON

Property Sales

January Property sales were 8, down -20.0% from 10 in January of 2018. January 2019 sales were at a mid-level compared to January of 2018 and 2017. January YTD sales of 8 are running -20.0% behind last year’s year-to-date sales of 10.

Prices

The Median Sales Price in January was $648,000, down -5.1% from $682,500 in January of 2018. The Average Sales Price in January was $688,875, down -4.8% from $723,900 in January of 2018. January 2019 ASP was at a mid-range compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 110, up 11.1% from 99 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 13.8 months was at a mid-range compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 128, down -2.3% from 131 days in January of last year. The January 2019 DOM was at its lowest level compared with January of 2018 and 2017.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $176 was down -12.4% from $201 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 82.2% was down from 85.4% in January of last year.

Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2019 was 33, up 37.5% from 24 in January of last year.

Detailed Market Report

EASTON

Property Sales

January Property sales were 9, down -10.0% from 10 in January of 2018. January 2019 sales were at a mid-level compared to January of 2018 and 2017. January YTD sales of 9 are running -10.0% behind last year’s year-to-date sales of 10.

Prices

The Median Sales Price in January was $640,000, up 44.5% from $443,000 in January of 2018. The Average Sales Price in January was $656,450, up 32.4% from $495,800 in January of 2018. January 2019 ASP was at highest level compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 75, down -2.6% from 77 in January of last year. January 2019 Inventory was at the lowest level compared to January of 2018 and 2017. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 8.3 months was at a mid range compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 128, up 23.1% from 104 days in January of last year. The January 2019 DOM was at a mid-range compared with January of 2018 and 2017.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $182 was up 11.7% from $163 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 91.9% was up from 91.5% in January of last year.

Inventory / New Listings / Sales

The number of New Listings in January 2019 was 15, down -11.8% from 17 in January of last year.

Detailed Market Report

FAIRFIELD/SOUTHPORT

Property Sales

January Property sales were 45, down -6.3% from 48 in January of 2018. January 2019 sales were at a mid-level compared to January of 2018 and 2017. January YTD sales of 45 are running -6.3% behind last year’s year-to-date sales of 48.

Prices

The Median Sales Price in January was $580,000, up 3.6% from $560,000 in January of 2018. The Average Sales Price in January was $768,835, down -1.7% from $782,392 in January of 2018. January 2019 ASP was at a mid-range compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 361, up 21.5% from 297 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 8.0 months was at a mid-range compared with January of 2018 and 2017.

 

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 116, up 39.8% from 83 days in January of last year. The January 2019 DOM was at a mid-range compared with January of 2018 and 2017.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $244 was down -7.6% from $264 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 92.3% was up from 91.0% in January of last year.

Inventory / New Listings / Sales

The number of New Listings in January 2019 was 121, up 27.4% from 95 in January of last year.

Detailed Market Report

GREENWICH

Property Sales

January Property sales were 18, down -18.2% from 22 in January of 2018. January 2019 sales were at their lowest level compared to January of 2018 and 2017. January YTD sales of 18 are running -18.2% behind last year’s year-to-date sales of 22.

 

Prices

The Median Sales Price in January was $1,812,500, up 26.6% from $1,431,250 in January of 2018. The Average Sales Price in January was $2,071,806, down -24.0% from $2,725,341 in January of 2018. January 2019 ASP was at a mid-range compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 316, up 10.9% from 285 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 17.6 months was at its highest level compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 218, up 27.5% from 171 days in January of last year. The January 2019 DOM was at a mid-range compared with January of 2018 and 2017.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $516 was down -0.4% from $518 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 86.8% was up from 85.5% in January of last year.

 

Inventory / New Listings / Sales

The number of New Listings in January 2019 was 57, up 3.6% from 55 in January of last year.

Detailed Market Report

NORWALK/ROWAYTON

Property Sales

January Property sales were 31, down -24.4% from 41 in January of 2018. January 2019 sales were at their lowest level compared to January of 2018 and 2017. January YTD sales of 31 are running -24.4% behind last year’s year-to-date sales of 41.

Prices

The Median Sales Price in January was $433,800, down -13.8% from $503,000 in January of 2018. The Average Sales Price in January was $480,926, down -4.4% from $502,993 in January of 2018. January 2019 ASP was at the lowest level compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 248, up 23.4% from 201 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 8.0 months was at its highest level compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 105, up 18.0% from 89 days in January of last year. The January 2019 DOM was at a mid-range compared with January of 2018 and 2017.

 

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $216 was down -3.1% from $223 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 94.5% was down from 95.8% in January of last year.

Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2019 was 73, up 12.3% from 65 in January of last year.

Detailed Market Report

WILTON

Property Sales

January Property sales were 12, equal to 12 in January of 2018. January 2019 sales were at their lowest level compared to January of 2018 and 2017. January YTD sales of 12 are running equal to last year’s year-to-date sales of 12.

Prices

The Median Sales Price in January was $630,000, down -20.0% from $787,500 in January of 2018. The Average Sales Price in January was $716,875, down -12.2% from $816,281 in January of 2018. January 2019 ASP was at the lowest level compared to January of 2018 and 2017.

Inventory & MSI

The Total Inventory of Properties available for sale as of January was 161, up 28.8% from 125 in January of last year. January 2019 Inventory was at a mid-range compared to January of 2018 and 2017.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2019 MSI of 13.4 months was at its highest level compared with January of 2018 and 2017.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 102, down -40.7% from 172 days in January of last year. The January 2019 DOM was at its lowest level compared with January of 2018 and 2017.

 

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $209 was down -6.7% from $224 in January of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs List Price of 93.2% was up from 92.9% in January of last year.

Inventory / New Listings / Sales

The number of New Listings in January 2019 was 37, up 15.6% from 32 in January of last year.

Detailed Market Report