Even though the Fall Market shows inventory increasing, buyers are coming out of the woodwork. If homes are priced correctly they are moving and sometimes having multiple offers. Please stay informed about Westport’s Real Esate activity through this detailed summary report which will be updated every Monday.
Westport Weekly Report for Week of 9/25
Sales reported for the month of August are 42.
This report indicates only 2.3% decline in homes sold compared to 43 home sold in August in 2010.
Westport’s Average Sales price increases 6.8%, to 1.346M, over last year’s sales price of 1.261M.
Westport (Single-family residential)
Fairfield (Single-family residential)
Norwalk (Single-family residential)
Weston (Single-family residential)
Wilton (Single-family residential)
For additional information or if you are interested in reports for other towns, contact me at 203.858.2095 or email Jklaff@JillianKlaff.com
The current economy prevents the real estate market from being busy. And although a stumbling economy means fewer jobs it also means lower mortgage rates. So if you’re in the market to purchase a home loan or refinance the one you already have, now is the time to take advantage before they rise up again.
It’s a great time for buyers who waited patiently for prices to come down. Why continue to rent when you can buy for 10 or 20 percent less than you would have paid a few years ago? For sellers, it could be time to consider trading up.
Continue Reading…
Why you should buy that home now: The Obama administration finds itself balancing the need to spur the economy through promoting the housing and mortgage market, while protecing banks and other investors from risky morgages. On Feb 11th it presented a broad plan to begin shrinking its support of the nations mortgage market. Though the plan lacked details or a timeframe, the resolution is far from certain that it will be completely implemented in the next couple of years. Continue Reading…