Westport Connecticut Real Estate-Price Distribution And Absorption

Westport Connecticut Real Estate-Price Distribution And Absorption

The Westport Connecticut real estate market is never boring and our Price Distribution And Absorption Statistics Report from January through November 2011 doesn’t disappoint. The bottom of the market up to $549,000 is showing 2-4 months of inventory. The supply time immediately pops back up to 12 months at the price point between $550,000-$599,000. This may be due
to an overload of inventory in the same price point in neighboring towns of Weston, Fairfield and Norwalk. From $600,000 to $1.4 million, the supply time varies from 1 month to 7.8 months. The pace starts to break down again at $1,500,000 where there is 16.5 months of inventory. At $1,600,000 to $2,499,000 the time ranges from 6.6 months to 10.5 months. $2,500,000 is another breaking point at 60 months of inventory, which is a severe sign of an over abundance of inventory. The chart also highlights by: Less than one year, 1-2 years and 2-3 years of inventory. Interesting statistics and important information, whether you are buying or selling in Westport. Contact me at mriley@prudentialct.com for additional insight or market information. We love working with educated clients.

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