For the second straight month, the Wilton real estate market was limited to five single-family sales. It was 55% fewer than in February 2014. The drop of $232,000 in the median sale (29.7%) is a concern and will need to be watched as we move forward. The average price mirrored the median, with a drop of $271,000 (31.4%). Meanwhile, the inventory rose to 176 — a 10-year high equaled only by March 1, 2012.
The two-month total of 10 sales is 47% lower than in 2015 and the second lowest two-month total, trailing only 2009. The encouraging numbers at this point are in the median and average levels. The median level is slightly ahead of 2015. The average is approximately $16,500 (2%) ahead of last year. Not surprisingly, the total revenue is down more than 46%.