Market Overview: Weston, CT

Single Family Properties




October Headlines
Weston
  • 3-month unit sales are down 34.4% to 40.
  • Median price in October was $721,000. This is down 15.2% from $850,000 in October of 2016.
  • Days on market is up by 20.6%.
Nearby Areas You May Be Interested In
  • Median price in Ridgefield in October was $628,750. This is up 4.1% from $604,000 in October of 2016.
  • 3-month unit sales in Wilton are down by 10.3%.
  • Year-to-Date sales/list price ratio in Wilton is down 0.2% to 95.5%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending October, 2017% Chg From Oct, 2016
Unit Sales 40 -34.4%
Median Sale Price $760,000 -4.0%
Market Time (Days) 147 0.7%
Price per Sq Ft for Sold $207 -7.7%
Went To Contract 31 -34.0%
Changes Favoring Sellers
3 Months Ending October, 2017% Chg From Oct, 2016
Inventory 161 -5.8%
Months of Supply 11.9 -5.3%
Sales to List Price Ratio 95.2% 0.3%
New Listings 63 -10.0%
Click here to see monthly and longer-term averages.

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Sales
There were 12 unit sales in October. This is down 7.7% from 13 in October of 2016. Sales/list price ratio in October moved down to 95.7% from 98.9% in September.

Prices
Median price in October was $721,000. This is down 15.2% from $850,000 in October of 2016. This is the lowest median price has been since February, 2017. 3-month median price of $760,000 in October was down a little from $817,260 in September and down just slightly from $792,000 in October of 2016. Price per square foot in October was $209. This is up from $199 in September but down from $229 in October of 2016.

Inventory
Inventory of 155 in October was down 4.3% from 162 in September but up 1.3% from 153 in October of 2016. New listings of 20 in October were way down from 31 in September and down a little from 23 in October of 2016. Months of supply of 11.4 in October was down just slightly from 11.9 in September but up marginally from 11.2 in October of 2016. This is the lowest months of supply has been since February, 2017.

Market Time
Days on market of 211 in October was up considerably from 80 in September and up moderately from 175 in October of 2016. This is the highest days on market has been since December, 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 11.67%
Danbury 10.29%
Norwalk 6.94%
Trumbull 5.69%
Greenwich 5.55%
Bethel 4.79%
Stamford 3.63%
Stratford 3.31%
Darien 2.89%
Westport 2.59%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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