Current Market Conditions
Sunday, October 7th, 2007General market conditions across the U.S. have recently changed, arguably from better to worse. However, Westport has remained strong and continues to be an exception to the general volatility of other markets. Sellers will experience the resiliency of Westport markets if they price correctly, as the right price is key to selling success. This remains especially true in today’s market. To date, 305 homes closed this year with an average market time of 104 days and an average sale price of $1,643,533. Last year during the same time period, 308 homes sold with an average market time of 90 days and an average sale price of $1,527,629. The Westport market continues to be strong and properties at all price points are selling when priced correctly. Westport buyers are well educated and do thorough research. The key is if you really want to sell your home today, price it correctly.
