By Judy Szablak
The National Association of Home Builders/First American Improving Markets Index (IMI) for October shows 103 improving markets across the country. The record number represents the largest number of metros on the IMI since it was created one year ago.
This home at 23 Burnham Hill is listed at $3,495,000. (CLICK TO ENLARGE) Photo courtesy of Coldwell Banker Riverside/Westport Beach (+) Country Homes.
Ninety-two metros were retained on the list from the month before, 11 new markets were added, and seven were removed. The New York Metropolitan Statistical area is not included on October’s list.
It’s no secret that the New York metro area real estate market has been struggling to keep up with some other parts of the country. However Westport’s numbers are more encouraging than the metro area as a whole.
While the 286 sales as reported year-to-date by the Greater Fairfield County CMLS are down by almost 5 percent from 300 one year ago, the average sales price has increased by over $60,000, or just under 5 percent to $1,423,193.





