westport, ct 06880 spring market report 2015

May 19, 2015 scroll to read ...
WESTPORT, CT 06880 EXPERIENCES A SLOW SPRING MARKET

WESTPORT, CT 06880 SITED TO BE ONE OF THE BEST TOWNS IN CONNECTICUT TO LIVE

Westport Life

Westport,located in Fairfield County, Connecticut resides on the shore of Long Island Sound. Known for it's beaches, you will also find numerous upscale restaurants and shops along with live theater. Westport is home to 26,500 people with a median income of $165,000. 51% are long term residents and the median age is 45.

Westport home sales are slightly down in comparison to all home sales for Fairfield County. This downward trend can be tied to the very active winter season back in February and March. Generally, homes purchased during the beginning of the spring market in January/February will close 30-90 days out.

This also accounts for the drop in May's number of sales.

While the number of sales or closings are down (April), the prices of those homes being sold are selling closer to asking price.

In a comparison of surrounding communities, Westport is still averaging a higher of days homes remain on the market before they are sold. This is due to the higher average sales price Westport experiences.

Wesport homes are averaging $1,500,000 as of late.

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