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Market News

WESTPORT

Property Sales

October Property sales were 26, up 4.0% from 25 in October of 2017 and -16.1% lower than the 31 sales last month. October 2018 sales were at a mid level compared to October of 2017 and 2016. October YTD sales of 378 are running -3.6% behind last year’s year-to-date sales of 392.

Prices

The Median Sales Price in October was $997,000, down -24.8% from $1,325,000 in October of 2017 and down -16.9% from $1,200,000 last month. The Average Sales Price in October was $1,317,078, down -12.7% from $1,509,440 in October of 2017 and down -2.4% from $1,350,098 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 347, down -5.7% from 368 last month and down -1.4% from 352 in October of last year. October 2018 Inventory was at the lowest level compared to October of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

Market Time

The DOM for October was 127, up 32.3% from 96 days last month and up 30.9% from 97 days in October of last year.

Detailed Market Report

WESTON

Property Sales

October Property sales were 8, down -33.3% from 12 in October of 2017 and -52.9% lower than the 17 sales last month. October 2018 sales were at their lowest level compared to October of 2017 and 2016. October YTD sales of 138 are running -1.4% behind last year’s year-to-date sales of 140.

Prices

The Median Sales Price in October was $645,000, down -10.5% from $721,000 in October of 2017 and down -12.2% from $735,000 last month. The Average Sales Price in October was $638,025, down -23.7% from $836,742 in October of 2017 and down -26.4% from $867,288 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 160, down -5.3% from 169 last month and up 3.2% from 155 in October of last year. October 2018 Inventory was at a mid range compared to October of 2017 and 2016.

Market Time

The Days on Market for October was 245, up 114.9% from 114 days last month and up 16.1% from 211 days in October of last year.

Detailed Market Report

EASTON

Property Sales

October Property sales were 7, down -30.0% from 10 in October of 2017 and equal to 0.0% 7 sales last month. October YTD sales of 110 are running 8.9% ahead of last year’s year-to-date sales of 101.

Prices

The Median Sales Price in October was $570,000, up 7.2% from $531,750 in October of 2017 and down -7.3% from $615,000 last month. The Average Sales Price in October was $552,571, down -6.2% from $589,350 in October of 2017 and down -2.5% from $566,500 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 94, down -7.8% from 102 last month and down -18.3% from 115 in October of last year. The October 2018 MSI of 13.4 months was at a mid range compared with October of 2017 and 2016.

Market Time

The Days on Market for October was 173, up 111.0% from 82 days last month and up 64.8% from 105 days in October of last year.

Detailed Market Report

FAIRFIELD/SOUTHPORT

Property Sales

October Property sales were 60, down -14.3% from 70 in October of 2017 and -6.3% lower than the 64 sales last month. October 2018 sales were at a mid level compared to October of 2017 and 2016. October YTD sales of 751 are running -9.0% behind last year’s year-to-date sales of 825.

Prices

The Median Sales Price in October was $525,000, up 4.5% from $502,550 in October of 2017 and down -22.5% from $677,500 last month. The Average Sales Price in October was $666,938, down -0.7% from $671,419 in October of 2017 and down -25.6% from $895,852 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 500, down -9.9% from 555 last month and up 2.0% from 490 in October of last year.

Market Time

The Days On Market for October was 80, down -8.0% from 87 days last month and down -17.5% from 97 days in October of last year.

Detailed Market Report

GREENWICH

Property Sales

October Property sales were 26, down -16.1% from 31 in October of 2017 and -27.8% lower than the 36 sales last month. October YTD sales of 390 are running 8.9% ahead of last year’s year-to-date sales of 358.

Prices

The Median Sales Price in October was $1,108,000, down -19.4% from $1,375,000 in October of 2017 and down -12.9% from $1,272,500 last month. The Average Sales Price in October was $1,685,177, down -26.5% from $2,292,694 in October of 2017 and up 12.7% from $1,495,750 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 480, down -3.0% from 495 last month and down -0.4% from 482 in October of last year. The October 2018 MSI of 18.5 months was at its highest level compared with October of 2017 and 2016.

Market Time

The Days On Market for October was 85, down -31.5% from 124 days last month and down -29.2% from 120 days in October of last year.

Detailed Market Report

NORWALK/ROWAYTON

Property Sales

October Property sales were 97, up 1.0% from 96 in October of 2017 and 18.3% higher than the 82 sales last month. October YTD sales of 891 are running -1.0% behind last year’s year-to-date sales of 900.

Prices

The Median Sales Price in October was $355,000, down -9.4% from $391,750 in October of 2017 and down -16.0% from $422,500 last month. The Average Sales Price in October was $426,198, down -15.6% from $504,881 in October of 2017 and down -21.8% from $545,195 last month. The Average Sales Price in October was $529,346, down -15.8% from $628,357 in October of 2017 and down -22.1% from $679,611 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 436, down -4.0% from 454 last month and down -0.7% from 439 in October of last year. The October 2018 MSI of 4.5 months was at its lowest level compared with October of 2017 and 2016.

Market Time

The Days on Market for October was 81, up 1.3% from 80 days last month and down -18.2% from 99 days in October of last year. The October 2018 DOM was at its lowest level compared with October of 2017 and 2016.The DOM for October was 86, up 19.4% from 72 days last month and down -12.2% from 98 days in October of last year.

Detailed Market Report

WILTON

Property Sales

October Property sales were 18, up 38.5% from 13 in October of 2017 and -28.0% lower than the 25 sales last month. October YTD sales of 209 are running -3.7% behind last year’s year-to-date sales of 217.

Prices

The Median Sales Price in October was $570,000, down -27.4% from $785,000 in October of 2017 and down -27.8% from $790,000 last month. The Average Sales Price in October was $659,611, down -21.8% from $843,308 in October of 2017 and down -23.6% from $863,500 last month.

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 237, down -2.5% from 243 last month and up 20.9% from 196 in October of last year. The Total Inventory of Properties available for sale as of October was 222, down -1.8% from 226 last month and up 20.0% from 185 in October of last year.

Market Time

The Days on Market for October was 135, up 50.0% from 90 days last month and up 3.8% from 130 days in October of last year.

Detailed Market Report