By Judy Szablak
Shocking as it may have seemed, as of last week the year-to-date average Westport real estate sales figures were down, albeit by just 2 percent. That, in my opinion, was not representative of the overall market. Additionally, this week’s sales upward roller coaster ride does not mean that prices shot up on the whole, either.
This custom home at 4 Marc Lane is listed for $2,550,000. (CLICK TO ENLARGE) Photo courtesy of Prudential CT Reaty
Although the inventory and median pricing have remained fairly constant over the last few weeks, our reported sales have doubled over last week’s figures.
Not only that, but the average listing price of those sales increased by more than $300,000. Just as last week was not cause for concern, this week is not cause for a celebration, either. It’s good, but it is not as consistent as it should be yet.
Interpreting the market is a fine art and one must take into account the highs and lows, seasonal adjustments, and other factors. Every week is important in determining the state of the overall market. However, each reporting period is an evolving story.





