Fairfield County Homes for Sale: October 2012

Fairfield Connecticut Real Estate Market Trends - September 2012

FAIRFIELD

Market Trends

September 2012

Fairfield Connecticut Real Estate Trends - September 2012

Although Connecticut was in the news for leading the nation in price declines over the second quarter (March-May), Fairfield’s prices continue to rise and the market is a healthy one, particularly compared to New Canaan and Greenwich which were reported to have experienced 12.9% price declines during that period.  More good news is seen with the increasing List to Sales price ratio of 96% and fewer days on market.  Fairfield remains in a Buyer’s Market with 7.9 months of inventory, but the Three Month trend of 6.1 months is almost in Seller’s market territory (less than 6 months of inventory). 

In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is now underway.

FAIRFIELD INVENTORY

Fairfield Connecticut Inventory - September 2012


FAIRFIELD SALES

Fairfield Connecticut Sales - September 2012


HOTTEST HOMES IN FAIRFIELD

What homes are most in demand by buyers in Fairfield?  The sweet spot in the market is for 4 bedroom homes with a list price of $850,000-875,000.  They tend to be on the market only 88 days and sell for 96% of list price.



 

 

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Comment balloon 0 commentsGail Robinson • October 13 2012 09:33PM
Fairfield Connecticut Real Estate Market Trends - September 2012
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