As we head towards the final holiday week before the New Year, I wanted to give you the current housing market snapshot. I’ll give you the full-year summary once we are well into Q1 of 2015 and all the numbers are in. So here’s the scoop for now-
Inventory of homes for sale was up in Fairfield (21%), Westport (16%) and Weston (6%) at the end of November compared to 2013.
Sales were down in Fairfield (-25%) and Weston (-30%), but up thirteen percent in Westport compared to November last year.
Even though sales dipped in Fairfield in November, the average days on market was 24% less than it was a year ago (99 vs. 131). However the average market time was up nineteen and twenty percent respectively in Weston and Westport.
Click here to see tables with more detailed information. Let’s see what happens in the New Year. My phone has been known to ring on January 1!
In the spirit of holiday entertaining fun, why not enjoy some cooking bloopers from Martha Stewart. Happy Holidays, and send in any questions or request you may have below!
Linda Raymond, Realtor
William Raveis Real Estate
2525 Post Road
Southport, CT 06890