Marilyn Katz - Westport, CT Real Estate



working with you to make ALL THE RIGHT MOVES

Statistics for the first quarter of 2007 continue to show a slow real estate market, although some improvement can be seen in March.  The year began with closed transaction of single family homes, down 53%, compared with January 2006.  Since then, the decline in closed unit sales has moderated, down 26% and 28%, respectively, for February and March.  The median sales price of  a home, closed in March, moved up to $1,340,000.  This represents the first time, this quarter, that median sales price moved ahead of the corresponding month, a year ago.  Days on the market, for March closed sales, stood at 118,  34% longer than market time, a year ago.  This figure does not take into account homes that were previously on the market with different listing numbers.

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