Among the property transfers reported today by the Town Clerk’s Office was a home at 29 Old Mill Road, seen behind owner Westporter Wally Meyer (l). Meyer sold half his lot to neighbor Clark Hanford (r) who resides at 31 Old Mill Road (r) and half to his other neighbor, Nicholas Visconti, 25 Old Mill Road. A demolition permit has been approved for Meyer’s house, built in 1910, which was devastated by Storm Sandy. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Cheryl Scott-Daniels: award-winning Realtor. Contributed photo

Cheryl Scott-Daniels, broker/owner of CSD Select Homes in Westport, has been elected president of the Mid-Fairfield County Association of Realtors.

She has been an active member of the Fairfield County real estate community over the past 26 years. She was honored as the Mid-Fairfield County Association Realtor of the Year three times and elected Realtor of the Year by the Connecticut state association, which has over 16,000 members, in 2010. 

In addition to helping families buy and sell homes each year, she holds an MBA in marketing, a BS in chemistry, and 10 real estate designations.

The Mid-Fairfield County Association of Realtors is made up of more than 1,100 members based in the towns of Norwalk, Westport, Weston, and Wilton.

By Judy Szablak

Inventory continues to remain at lower than average levels even for this time of year, and sales are currently at a good pace. But if the current levels don’t change soon, single family home sales may begin to suffer.

This home at 79 Clinton Ave. is listed at $1,499,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Westport-Riverside.

Last year at this time, there was 286 homes available for sale. This week’s inventory is down almost 25 percent from 2012, with just 214 available single family homes, and the selection remains limited. As new inventory continues to enter the market, homes are quickly being absorbed by buyers, especially if priced correctly.

While inventory levels are down from 2012, sales have increased from this time last year. There have been 31 single family sales year-to-date, which represents an almost 10 percent increase over the same time period in 2012 with 28 closed units.

When a lower than normal inventory level is coupled with rising sales, it can be good news for sellers, but it can spell trouble for buyers. With little supply and demand high, prices rise, and there is a greater chance that multiple bidding situations will occur.