Wednesday, November 16, 2011

Current Activity

Inventory has slowly been decreasing in the past month or so and there is only a trickle of new listings coming to the market. Sales activity has been limited in the past month or so.

There has been an uptick of activity in single family homes under $600,000 in all of the towns. Fairfield and Norwalk, with a much larger inventory of homes in this price range, have much larger numbers than do Westport, Weston and Wilton.

Looking at yearly figures to date and comparing to 2010, Westport is running almost exactly as it did last year. The only town that continues to be ahead of 2010 figures is Wilton with 162 closed sales in 2011 vs. 146 last year. Weston is running about 10% behind 2010, a slight improvement over figures earlier in the year, and both Fairfield and Norwalk are running 14% behind single family home sales in 2010.

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