Published October 18, 2026 in Market Update

Westport, CT inventory is down 38% even with mortgage rates at 7.40%

By tara chlupsa

Real estate, Westport CT Market watch

Updated October 18, 2026. Freddie Mac put the 30-year fixed mortgage rate at 7.40% as of October 15, 2026. Nationally, that is slowing things down. In Westport, CT, it is not. The Real Estate Data Aggregator counted just 57 homes for sale in ZIP 06880 for the three months ending August 31, 2026. That is down 38% from the same period in 2025. Buyers are still competing. Sellers still have the upper hand. But pricing matters more than ever.

What the inventory number actually means

Months of supply measures how long it would take to sell every home on the market at the current pace. Six months is considered balanced. Westport, CT sat at 1.4 months for the three months ending August 31, 2026, according to the Real Estate Data Aggregator. That is down a full month from the same period in 2025. There are far more buyers than homes to buy. That is the whole story in one number.

Westport, CT vs. the national market

Nationally, the picture looks different. Realtor.com reported that for-sale listings across the U.S. were growing nearly 7% year over year for the week ending October 10, 2026. Redfin reported that home sellers outnumbered buyers by 62.6% in the U.S. in September. In Westport, CT, new listings fell 20.2% over the same period a year ago, according to the Real Estate Data Aggregator. The national trend is more supply and softer demand. Westport is moving in the opposite direction.

Are homes in Westport, CT selling over asking price?

Yes, more than half are. The Real Estate Data Aggregator found that 51.2% of homes sold above list price in ZIP 06880 for the three months ending August 31, 2026. The average sale price came in at 104.6% of list price. That means the typical home sold for more than it was listed for. Homes that are priced right and presented well are drawing multiple offers. Homes that are priced too high are not.

How fast are homes going under contract in Westport, CT?

The Real Estate Data Aggregator found that 28.1% of homes in ZIP 06880 went under contract within two weeks of listing, for the three months ending August 31, 2026. That share is up 6 points from the same period in 2025. Nearly 3 in 10 homes are gone before most buyers even schedule a showing. If you are buying, being ready to move fast is not optional.

What does a 7.40% mortgage rate mean for Westport, CT buyers?

Freddie Mac put the 30-year fixed rate at 7.40% as of October 15, 2026. That is the highest rate in three years. It adds real cost to any purchase. At the Westport, CT median sale price of $2,450,000, that rate matters a lot. Some buyers are waiting. But the buyers who are active are serious, and there are more of them than there are homes. Waiting for rates to drop has not thinned the competition here.

If you are thinking about selling in Westport, CT

Low inventory is still working in your favor. The Real Estate Data Aggregator counted only 57 homes for sale in ZIP 06880 for the three months ending August 31, 2026. But pricing is not something to guess at. Homes priced slightly below market value in good condition tend to draw multiple offers. Homes priced above what the data supports tend to sit. The median sale price of $2,450,000 is up 18.9% from a year ago. That is a real number. Use it.

If you are thinking about buying in Westport, CT

Thirty-three days was the median time on market in ZIP 06880 for the three months ending August 31, 2026, according to the Real Estate Data Aggregator. That is three days faster than the same period in 2025. The national median was 61 days, according to Realtor.com. Westport, CT moves at roughly half that pace. Know what you want, know your number, and have your financing in order before you start looking.

Frequently asked questions: Westport, CT housing market