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Thursday, February 21, 2013

Real Estate Report: Activity Picking Up

By Judy Szablak

Sales activity is bustling for lower priced homes in Westport.

This home at 192 Cross Highway is listed at $2,195,000. (CLICK TO ENLARGE) Photo courtesy of Prudential CT Realty, Wilton-Team Advantage

Of the 36 homes under deposit, what is known as Continue to Show (CTS) status, 32 are below the median list price of $1,799,000.

Sales are cyclical, and when the lower priced properties sell, it should still be considered good news for the homes in higher ranges. Many buyers “move up” in the market, especially during this time of year.

The owners of the homes that are selling in the lower ranges are moving up to the mid range properties, and those homeowners, in turn, are moving up to the higher priced homes.

More "Real Estate Report: Activity Picking Up"

02/21 12:15 PM Comments (0) • Permalink •