May 2012 Westport real estate unit sales down 26.2%, 31 units closed compared to 42 in May 2011. The median market time is 98 days compared to 80 in May 2011. YTD unit sales in Westport for 2012 are down by 12.5%.
Lawrence Yun, NAR chief economist, said the housing recovery is underway and it is no longer just the investors who are taking advantage of high affordability conditions. Yun indicates this pattern of normal home buying for occupancy is helping home sales nationally.
Click on the town for Housing Data Reports for more information