The number of houses sold in May 2013 was a sign of the strength in the Wilton market. There were a total of 36 transactions, which outpaced 2012 by almost 40%. We also surpassed the 19-year average for May sales last year; this year was a 56% increase from the average number of sales. The median sale price, however, was more than 6% below 2012. While a single month’s performance is not indicative of a trend, there are signs of specific indicators in the market. The average sale, at $816,422, is a 4% increase over last year. Inventory, at 161, is the lowest June 1 inventory in several years while the average price is higher than any year since 2010.
The number of houses sold in Wilton year-to-date has increased by one-third from 2012 to 2013. At the same time, the median price is down to $712,000 (May sales had a significant impact). The average price is up 3.2% and now stands at $813,923. Total revenue continues to climb and at $71,625,185 is now 37.7% above last year.