Wilton market snapshot:  4/30/2017

 The Wilton real estate market closed out April with a sparkling 39.1% increase in sales over 2016 via 64 sales.  The market strength was centered on the under $1 million price point, which produced 47 sales, a 69.1% increase over last year. Listing inventory totaled 246 properties, an 18.8% increase over March (last year inventory gained 7.7% from March to April).  Inventory dropped 1.6% versus April of 2016.  Strong sales held the absorption rate at 12 month, flat with March and a slight dip from a year ago.

 Pricing was down, influenced by strong sales in the lower end of the spectrum with the median at $735,000 (-16.0%) and the average at $897,821 (-2.7%).

 The sales pipeline holds 48 transactions which is off the 2016 result (62 sales) by 22.9%.  Among these 28 are CTS (binder) and 20 are pending (contract), 7 sales are between $1-2 million and there are no sales above $2 million in the pipeline.

 May 2016 produced 19 sales, so the current pipeline of 20 pending sales suggests that May will result in a correction in the Wilton market by month’s end.

 

Number of sales:

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

8

5

15

Feb

11

5

11

Mar

10

16

18

Apr

14

20

20

May

22

19

Jun

34

36

Jul

26

27

Aug

25

27

Sep

17

17

Oct

13

14

Nov

11

19

Dec

16

18

 

Year:               All $          $0-1 mil        $1-2 mil        $2 mil + 

2016:               46                29                    16                    1       

2017:               64                47                    14                    3   

 

 Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

119

159

171

Feb

151

195

187

Mar

175

232

207

Apr

219

250

246

May

229

271

Jun

239

276

Jul

236

256

Aug

229

251

Sep

227

261

Oct

211

241

Nov

175

203

Dec

147

163

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

15

32

11

Feb

14

39

17

Mar

18

15

12

Apr

16

13

12

May

10

14

Jun

7

8

Jul

9

9

Aug

9

9

Sep

13

15

Oct

16

17

Nov

16

11

Dec

9

9

 

Median sales price:

2016:          $875,000

2017:          $735,000

 

Average sales price:

2016:          $922,870    

2017:          $897,821