What’s up with the Westport real estate market?
Our friends at KMS Team at Compass report: 3.6% more homes have traded hands this year than last.
Through June 30, the median sales price ($2.31 million) and average sales price ($2,941,376) are both up — the latter by 14.4% from last year.
And buyers are paying 3.4% higher, on average, than the list price.
But these statistics are dated. Transactions can be negotiated and held under contract for months before closing.
Telling signs that things in Westport are slowing include median days on market creeping higher (26, up 12%), and the number of homes actively listed or closed that have taken price reductions.
Price sensitivity and buyer discernment are particularly evident in the upper range of the Westport market:
While the vast majority of property buyers come from within Connecticut, we still attract a significant number of New Yorkers, natives or those returning to the state after spending some years in the city. 
In either case, Connecticut’s outdoors and open spaces continue to be an attractive draw.
This 8-bedroom, 8 1/2-bathroom, 12,946-square foot home, on 2.6 acres on Beachside Common, is listed for $22.825 million.
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