Looking at monthly home sales in one town can be a bit myopic, so this month we’re taking a look at Wilton and a few neighboring towns in Fairfield County.
There’s been a subtle downward trend in inventory over the past few months. Frankly, I’ve been holding my breath, hoping it wasn’t just a blip. And it looks like 2017 inventory is more in line with 2015’s—both lower than 2016. The new listings in September were 35, down a third from 52 over September 2016. Lower inventory can signal market strength.
Other good news for Wilton sellers is that price per square foot in September was up by 17%, although the median price for the month was down 15%, to $724,500.
Now let’s compare Wilton with some of its neighbors. These figures are all a three-month average ending September 2017, versus the three months ending September 2016.
*Data courtesy of SMARTMLS. Listing and sales information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information.
Also, here’s a chart with specifics about all of Fairfield County through the third quarter of 2017. In it you’ll find the average list price, average sales price and the number of units sold for both single-family homes and condominiums.
Lisa Bender is a realtor with the Wilton office of William Raveis and a regular contributor to GOOD Morning Wilton. She writes about the Wilton real estate market. She can be reached at 203.246.6986 or via email.