Jillian Klaff Homes Real Estate Housing Market Report for May 2016

Here are the Westport Housing statistics for May 2016.

Westport Housing Update for Single Family Properties – May 2016  

One-month Comparison:

  • Median Sale Price for the month of May was $1,237,500. This is down 0.6% from $1,245,000 in May of 2015.
  • Unit Sales in Westport for May of 2016 were 34, up 3% from 33 Unit Sales in May of 2015.
  • Price per Square Foot in Westport for homes sold in May was $430, down 12.0%, from $489 in May of 2015.
  • Average Sale Price for homes sold in Westport was down 15.5% to $1,555,882 from $1,841,523 in May of 2015.
  • Average List price in Westport for May 2016 was $2,229,722 down 0.3%, from $2,235,455 in 2015.
  • Sales to List price ratio was up 6.2% to 94.4% for May, from 88.8% last year.
  • Average days on market in May of 2016 was 107, down 21.9% from 137 days in 2015.

Year-to-Date:

  • Westport Year-To-Date Unit Sales in May were 131. This is up 13.9% from 115 unit sales YTD May 2015.
  • New Listings in Westport for 2016 were up 7.6% to 493, from 458 in 2015.
  • Median Sales Price was up 8.0% to $1,350,000 for 2016 from $1,250,000 in May 2015.
  • Average List price in Westport for 2016 was down 6.8% to $2,169,217 from $2,237,366.
  • Sales to List Price Ratio was up 3.6% through May 2016, to 95.3% from 92.0% in 2015.
  • Months of Supply through May 2016 was up 1.8% to 11.1, compared to 10.9 through May 2015.
  • Average Days on Market through May of 2016 was 122 days, up 4.3%, from 117 days through May 2015.
  • Price per Sq Ft for Sold Listings in Westport was down 8.7% to $436 from $478, YTD May 2015.

Mortgage Rate Watch

These are our current mortgage products and rates for

Product Interest Rate APR
15 YR Fixed Conforming 2.625% 2.870%
15 YR Fixed Jumbo 3.125% 3.372%
30 YR Fixed Conforming 3.375% 3.516%
30 YR Fixed High Conforming 3.375% 3.516%
30 YR Fixed Jumbo 3.625% 3.768%
30 YR Fixed Super Jumbo 3.625% 3.768%
5/1 (30 Yr) ARM Conforming 2.500% 3.572%
5/1 (30 Yr) ARM Jumbo 2.375% 3.569%
5/1 (30 Yr) ARM Jumbo Portfolio ARM 2.375% 3.569%

Last updated on: 6/17/2016 6:25:49 PM

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