Tag Archive | "Westport Connecticut Real Estate Closings"

Sales For Westport Connecticut 2011 Versus 2006-2010

Sales For Westport Connecticut 2011 Versus 2006-2010

Trends in sales in Westport Connecticut have been very interesting so far this year, from January through November. I averaged the sales between 2006 and 2010 and compared them to where we are in 2011, by month. 2011 sales have been up and down beginning strong in January against the previous five years. Here is a market snapshot:

January 2011-18 closings vs average of 17.8

February 2011-15 closings vs average of 17.2

March 2011-20 closings vs average of 23.4

April 2011-32 closings vs average of 24.2

May 2011-42 closings vs average of 31

June 2011-54 closings vs average of 43.2

July 2011-36 closings vs average of 39.8

August 2011-43 closings vs average of 40.8

September 2011- 26 closings vs average of 27.8

October 2011-21 closings vs average 26.4

November 2011-17 closings vs average of 21.8

So, as of the end of November 2011 we had 324 closings vs 325 from November 2010. However, that doesn’t tell the entire story. In December 2010, we had 26 closings. Looking at the “pipeline” of bindered and properties under contract, December 2011 closings will be much leaner than in December 2010.

This subtle shift in pipeline may be contributing to increased inventory in many price points. Check back in for my analysis of the market, including active listings, bindered, pending and sold units.


Posted in CT Real Estate, Fairfield County Real Estate, Weston Connecticut Real Estate, Westport Connecticut, Westport Connecticut Real EstateComments Off on Sales For Westport Connecticut 2011 Versus 2006-2010

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