Wilton Real Estate Update

Wilton also seems to be feeling the brunt of this Real Estate market. While 75 Single Family homes have sold in the first seven months of the year, this trails last year by 24%. This years performance is dramatically off the same period in 2007 where 150 homes were sold. Double the number for this year.

The Average Selling Price came in at $851,893. This is down 21% from last year. Like many surrounding towns, the highend segment has shown the biggest decline. There was just one home that sold for over $2 Million so far in 2009. Just two years ago, 15 homes priced over $2 Million sold in the first seven months of the year.

The data shows that with plenty of homes on the market, low prices and low interest rates - the market is being driven by a lack of buyers. On the reverse side, if you are a buyer, this is the best market in a long, long time to buy.

This data is from the Greater Fairfield County MLS.