What has been going on in the Westport housing market during August?

What has been going on in the Westport  housing market during August?

Here is some real estate market data describing the housing market here in Westport during the month of August and how it compares to the same time last year. The data is from the MLS and is for single family homes.

There were 7 single family homes sold in Westport area during August 2011 at an average sale price of $317,143 and median price of $285,000. For the same period in 2010, 8 single family homes sold with an average sales price of $325,375 and median price of $297,500.

Volume is off this year by 13%, while the average price off 2.5% and the median price off 4.2%.

There are currently 129 single family homes for sale in Westport, with a median asking price of $407,900, as compared to a year ago when there were 141 homes with a median asking price of $489,900.

Although inventory is down, lower asking prices and historically low interest rates puts those interested in purchasing a single family home in Westport in a very good position. It’s time to act now!

To learn more about the Greater WestportMA area, visit my website at www.stevew-homes.com  or contact me directly at 508-558-8035.