MARKET UPDATE

Please click on the links below to view Market Stats:

WESTPORT

Property Sales

September Property sales were 28, down -9.7% from 31 in September of 2017 and -53.3% lower than the 60 sales last month. September 2018 sales were at a mid level compared to September of 2017 and 2016. September YTD sales of 334 are running -1.8% behind last year’s year-to-date sales of 340.

Prices

The Median Sales Price in September was $1,230,000, down -4.1% from $1,282,500 in September of 2017 and down -0.4% from $1,235,000 last month. The Average Sales Price in September was $1,426,591, down -9.8% from $1,581,984 in September of 2017 and up 3.1% from $1,383,852 last month. September 2018 ASP was at a mid range compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 350, up 2.3% from 342 last month and down -6.7% from 375 in September of last year. September 2018 Inventory was at the lowest level compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 12.5 months was at a mid range compared with September of 2017 and 2016.

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 September was 100, up 11.1% from 90 days last month and down -17.4% from 121 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016.

WESTON

Property Sales

September Property sales were 16, up 100.0% from 8 in September of 2017 and -20.0% lower than the 20 sales last month. September 2018 sales were at a mid level compared to September of 2017 and 2016. September YTD sales of 129 are running 0.8% ahead of last year’s year-to-date sales of 128.

Prices

The Median Sales Price in September was $777,500, down -11.6% from $880,000 in September of 2017 and up 12.3% from $692,500 last month. The Average Sales Price in September was $882,119, up 10.4% from $799,375 in September of 2017 and up 3.1% from $855,195 last month. September 2018 ASP was at highest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 168, up 5.0% from 160 last month and up 7.7% from 156 in September of last year. September 2018 Inventory was at a mid range compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 10.5 months was at a mid range compared with September of 2017 and 2016.

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 September was 116, up 23.4% from 94 days last month and up 36.5% from 85 days in September of last year. The September 2018 DOM was at a mid range compared with September of 2017 and 2016.

EASTON

Property Sales

September Property sales were 6, down -40.0% from 10 in September of 2017 and -64.7% lower than the 17 sales last month. September 2018 sales were at a mid level compared to September of 2017 and 2016. September YTD sales of 102 are running 12.1% ahead of last year’s year-to-date sales of 91.

Prices

The Median Sales Price in September was $626,250, up 12.4% from $557,125 in September of 2017 and up 0.2% from $625,000 last month. The Average Sales Price in September was $614,250, down -14.5% from $718,675 in September of 2017 and down -1.5% from $623,704 last month. September 2018 ASP was at the lowest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 103, up 3.0% from 100 last month and down -19.5% from 128 in September of last year. September 2018 Inventory was at the lowest level compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 17.2 months was at a mid range compared with September of 2017 and 2016.

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 September was 81, down -18.2% from 99 days last month and down -53.7% from 175 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016.

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 September 2018 Selling Price per Square Foot of $219 was up 31.9% from $166 last month and up 8.4% from $202 in September 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 September 2018 Selling Price vs List Price of 95.0% was up from 91.1% last month and up from 89.5% in September 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 September 2018 was 24, up 166.7% from 9 last month and down -11.1% from 27 in September of last year.

FAIRFIELD/SOUTHPORT

Property Sales
September Property sales were 53, down -27.4% from 73 in September of 2017 and -45.4% lower than the 97 sales last month. September 2018 sales were at their lowest level compared to September of 2017 and 2016. September YTD sales of 593 are running -7.1% behind last year’s year-to-date sales of 638.

Prices

The Median Sales Price in September was $690,000, up 19.0% from $580,000 in September of 2017 and up 6.2% from $650,000 last month. The Average Sales Price in September was $965,275, up 41.3% from $682,904 in September of 2017 and up 23.5% from $781,857 last month. September 2018 ASP was at the highest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 510, up 12.3% from 454 last month and up 8.3% from 471 in September of last year. September 2018 Inventory was at a mid range compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 9.6 months was at a mid range, compared with September of 2017 and 2016.

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 September was 88, up 22.2% from 72days last month and down -24.1% from 116 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016

GREENWICH

Sales

September Property sales were 32, up 60.0% from 20 in September of 2017 and -5.9% lower than the 34 sales last month. September 2018 sales were at their highest level compared to September of 2017 and 2016. September YTD sales of 287 are running 18.1% ahead of last year’s year-to-date sales of 243.

Prices

The Median Sales Price in September was $1,260,000, down -28.5% from $1,762,500 in September of 2017 and down -27.7% from $1,742,500 last month. The Average Sales Price in September was $1,536,156, down -43.0% from $2,696,144 in September of 2017 and down -24.6% from $2,037,744 last month. September 2018 ASP was at the lowest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 403, up 7.2% from 376 last month and equal to 403 in September of last year. September 2018 Inventory was at a mid range compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 12.6 months was at a mid range compared with September of 2017 and 2016.

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 September was 134, up 14.5% from 117 days last month and down -0.7% from 135 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016.

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 September 2018 Selling Price per Square Foot of $473 was down -14.0% from $550 last month and down -8.0% from $514 in September 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 September 2018 Selling Price vs List Price of 86.3% was down from 91.6% last month and down from 90.5% in September 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 September 2018 was 82, up 192.9% from 28 last month and down -5.7% from 87 in September of last year.

NORWALK/ROWAYTON

Property Sales
September Property sales were 54, up 3.8% from 52 in September of 2017 and -22.9% lower than the 70 sales last month. September 2018 sales were at a mid level compared to September of 2017 and 2016. September YTD sales of 519 are running equal to last year’s year-to-date sales of 519.

Prices

The Median Sales Price in September was $492,500, up 7.7% from $457,500 in September of 2017 and down -5.3% from $520,000 last month. The Average Sales Price in September was $684,604, up 9.6% from $624,896 in September of 2017 and up 10.6% from $619,050 last month. September 2018 ASP was at highest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 348, up 7.7% from 323 last month and up 6.4% from 327 in September of last year. September 2018 Inventory was at a mid range compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 6.4 months was at a mid range, compared with September of 2017 and 2016.

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 September was 72, equal to 72 days last month and down -28.0% from 100 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016.

WILTON

Property Sales

September Property sales were 23, up 27.8% from 18 in September of 2017 and -20.7% lower than the 29 sales last month. September 2018 sales were at their highest level compared to September of 2017 and 2016. September YTD sales of 167 are running -7.7% behind last year’s year-to-date sales of 181.

Prices

The Median Sales Price in September was $790,000, up 9.0% from $724,500 in September of 2017 and down -9.0% from $868,000 last month. The Average Sales Price in September was $877,717, up 6.9% from $821,417 in September of 2017 and down -3.0% from $904,845 last month. September 2018 ASP was at highest level compared to September of 2017 and 2016.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 224, up 3.2% from 217 last month and up 4.7% from 214 in September of last year. September 2018 Inventory was at a mid range compared to September of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2018 MSI of 9.7 months was at its lowest level compared with September of 2017 and 2016.

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 September was 95, down -11.2% from 107 days last month and down -37.1% from 151 days in September of last year. The September 2018 DOM was at its lowest level compared with September of 2017 and 2016.

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