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Wilton Daily Voice serves Wilton, CT
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Wilton Daily Voice serves Wilton, CT

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Median Prices for Real Estate Turn Down

Wilton’s real estate market remains weak. The number of home sales dropped by 2.1 percent for the three months ending in July, compared with that same period a year ago, according to The median price–at $721,000–fell 10.3 percent from the previous quarter.

The median is the midpoint. The same number of houses sold above that price as sold below it. A falling median means that more homes are being sold at lower prices than in the previous period.

Currently, the median in Wilton? hangs 15.2 percent below? ?i?t?s? ?l?e?v?e?l? ?i?n?????????????? 2009 and 18.8 percent below 2005. Prices for new listings dropped, too?,???? reflecting lower expectations on the part of seller. High-end homeowners might be keeping their properties off the market, waiting for it to improve.

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