Market Overview: Weston, CT

Single Family Properties




April Headlines
Weston
  • Days on market is down 31.2% to 117.
  • Median price in April was $699,000. This is down 11.5% from $790,000 in April of 2017.
  • 3-month unit sales are down by 12.5%.
Nearby Areas You May Be Interested In
  • Price per square foot in Norwalk is down by 24.4%.
  • Days on market in Stamford is up 37.9% to 120.
  • 3-month median price in Norwalk in April was $497,500. This is up 17.1% from $425,000 in April of 2017.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending April, 2018% Chg From Apr, 2017
Unit Sales 28 -12.5%
Median Sale Price $694,500 -6.4%
Price per Sq Ft for Sold $214 -3.6%
Went To Contract 41 -4.7%
Changes Favoring Sellers
3 Months Ending April, 2018% Chg From Apr, 2017
Inventory 150 -9.6%
Months of Supply 10.3 -12.7%
Market Time (Days) 106 -28.9%
Sales to List Price Ratio 96.2% 1.5%
New Listings 119 -12.5%
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Sales
There were 15 unit sales in April. This is up 15.4% from 13 in April of 2017. Sales/list price ratio in April moved up to 97.1% from 94.2% in March.

Prices
Median price in April was $699,000. This is down 11.5% from $790,000 in April of 2017. 3-month median price of $694,500 in April was up marginally from $690,000 in March but down a little from $742,000 in April of 2017. Price per square foot in April was $206. This is down from $230 in March and down from $231 in April of 2017.

Inventory
Inventory of 167 in April was up 10.6% from 151 in March but down 8.7% from 183 in April of 2017. New listings of 42 in April were up modestly from 40 in March but down marginally from 43 in April of 2017. Months of supply of 11.5 in April was up a little from 10.5 in March but down modestly from 13 in April of 2017. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since September, 2017.

Market Time
Days on market of 117 in April was up slightly from 104 in March but down considerably from 170 in April of 2017.


Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Redding 22.06%
Norwalk 17.24%
Bridgeport 16.33%
Stratford 13.64%
New Fairfield 10.67%
Newtown 9.00%
New Canaan 6.16%
Stamford 4.88%
Danbury 4.44%
Greenwich 3.61%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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