2015 Fall Real Estate Market Third Quarter News

2015 Fall Real Estate Market Quarterly News

 

The lovely fall weather and low interest rates are keeping buyers motivated at this time of the year! Inventory is down again, which is limiting choices and helping to get rid of some of the older inventory. Sales numbers are up and pending sales are looking good. Our summer market was very active this year, and the buyers and sellers are ready to make a deal before the winter season hits.

Here are the latest statistics from Consolidated Multiple Listing system for the third quarter.

Inventory in Norwalk is down a bit compared to last quarter with 462 single family and 181 condos on the market right now. Great news! Home sales have increased significantly from last quarter. Third quarter sales are showing 219 single family homes and 98 condos sold compared to second quarter numbers of 171 single family and 87 condos.

Westport inventory is down from last quarter showing 431 single family homes and 16 condos for sale right now. Single family sales have increased from the second quarter. The third quarter numbers show a total of 148 single family and 5 condos sold, compared to the second quarter sales with 96 single family and 7 condos sold.

Wilton single family inventory is also up from the second quarter showing 237 single family homes for sale as of October 1st. Condo inventory is up too, showing 12 units for sale. Wilton sales are holding steady from the second quarter. The numbers show a total of 70 single family and 10 condo sales in the third quarter, compared to 72 homes and 10 condos sold within the second quarter.

Our local real estate market is still active, but prices are coming down a bit from their spring high. Experience shows, homes in great condition with current updates are more desirable to buyers and receive the highest prices. It is very important to listen to your experienced real estate agent when they present the Market Analysis report on your property. Careful research using recently sold properties are the best way to find the right price for your home. We are entering the last quarter of the year and the buyer momentum is there. Many of the families we are working with want to be in their new home for the Holidays. Let the sales continue!!!

Betty Bondi
Bondi Realty Group LLC

203-899-9990

 

 

 

 

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