Market Overview: Weston, CT

Single Family Properties




August Headlines
Weston
  • Unit sales are down 44.8% to 16.
  • 3-month median price in August was $832,500. This is down 4.0% from $867,500 in August of 2016.
  • New listings are down by 14.3%.
Nearby Areas You May Be Interested In
  • Median price in Wilton in August was $902,500. This is up 19.5% from $755,000 in August of 2016.
  • Months of supply in Ridgefield is down by 26.0%.
  • Days on market in Easton is down 34.1% to 91.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 62 -3.1%
Median Sale Price $832,500 -4.0%
Market Time (Days) 136 9.7%
Price per Sq Ft for Sold $219 -3.3%
Sales to List Price Ratio 95.9% -0.8%
Went To Contract 48 -11.1%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Inventory 177 -7.3%
Months of Supply 12.5 -15.5%
New Listings 72 -4.0%
Click here to see monthly and longer-term averages.

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Sales
There were 16 unit sales in August. This is down 44.8% from 29 in August of 2016. Sales/list price ratio in August moved down to 93.8% from 97.0% in July.

Prices
Median price in August was $851,500. This is up 6.4% from $800,000 in August of 2016. 3-month median price of $832,500 in August was up marginally from $804,760 in July but down just slightly from $867,500 in August of 2016. Price per square foot in August was $212. This is down from $235 in July and down from $226 in August of 2016.

Inventory
Inventory of 169 in August was down 4.5% from 177 in July and down 6.1% from 180 in August of 2016. New listings of 12 in August were down considerably from 29 in July and down slightly from 14 in August of 2016. Months of supply of 11.9 in August was up just slightly from 11.6 in July but down a little from 13.9 in August of 2016.

Market Time
Days on market of 142 in August was up somewhat from 118 in July but down just slightly from 145 in August 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
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: SMARTMLS-CM
Towns with an average of at least 5 sales per month (maximum of 10)
 








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