Market Overview: Weston, CT

Single Family Properties




December Headlines
Weston
  • Unit sales are up 150.0% to 25.
  • New listings in December were 12. This is up 50.0% from 8 in December of 2016.
  • Days on market is down by 35.4%.
Nearby Areas You May Be Interested In
  • Median price in Wilton is down 28.1% to $570,000.
  • Days on market in Ridgefield in December was 116. This is down 27.5% from 160 in December of 2016.
  • 3-month unit sales in Ridgefield are down by 9.5%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending December, 2017% Chg From Dec, 2016
Median Sale Price $745,000 -6.0%
Price per Sq Ft for Sold $212 -7.1%
Changes Favoring Sellers
3 Months Ending December, 2017% Chg From Dec, 2016
Unit Sales 48 26.3%
Inventory 134 -2.9%
Months of Supply 9.2 -8.5%
Market Time (Days) 157 -12.3%
Sales to List Price Ratio 95.8% 1.8%
New Listings 45 -4.3%
Went To Contract 44 18.9%
Click here to see monthly and longer-term averages.

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Sales
There were 25 unit sales in December. This is up 150.0% from 10 in December of 2016. This is the highest unit sales have been since 32 in June, 2017. Sales/list price ratio in December moved down to 95.7% from 96.3% in November.

Prices
Median price in December was $875,000. This is up 9.4% from $800,000 in December of 2016. 3-month median price of $745,000 in December was up marginally from $722,000 in November but down a little from $792,500 in December of 2016. Price per square foot in December was $225. This is up from $182 in November and up from $218 in December of 2016.

Inventory
Inventory of 103 in December was down 26.4% from 140 in November and down 11.2% from 116 in December of 2016. New listings of 12 in December were down modestly from 13 in November but way up from 8 in December of 2016. Months of supply of 7.1 in December was down considerably from 10.6 in November and down modestly from 8.5 in December of 2016.

Market Time
Days on market of 146 in December was up slightly from 123 in November but down considerably from 226 in December of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Bridgeport 13.07%
Danbury 11.11%
Trumbull 6.38%
Greenwich 5.88%
Norwalk 5.11%
Darien 4.35%
Bethel 4.23%
Stamford 2.93%
Monroe 2.88%
Stratford 2.81%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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