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Wednesday, April 23, 2014

Real Estate Report: Westport Again Defies U.S. Trends

By Judy Szablak

Despite a gloomy report out today nationally on March home sales, Westport’s March sales were off the charts with 29 closed single-family home transactions last month.

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This home at 4 Imperial Landing is listed at $1,497,000. (CLICK TO ENLARGE) Photo courtesy of Remax Right Choice

Westport’s sales were up a whopping almost 80 percent from a month earlier.

This was in sharp contrast to the U.S. Commerce Department report today that sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dropping 14.5 percent.

The Westport divergence from national trends is not new. And Westport needs to do a bit of catch up work to equal last year’s sales at this time.

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