The median price of a single family home, sold in Westport, during the first quarter of 2007 was $1,255,000. By fourth quarter 2008, that figure dropped 6%, to $1,179,000. There were 53 unit sales in the final quarter of 2008. Since there is a seasonal affect, the more telling comparison would be with 4th quarter 2007, when 80 units sold.
For more detailed quarterly comparisons, see: