Fairfield County Homes for Sale: Fairfield CT - Year End Market Report 2011

Fairfield CT - Year End Market Report 2011

 

REAL ESTATE MARKET REPORT

January through December 2011

 

SINGLE FAMILY - FAIRFIELD

 

Number

% Change

Average

% Change

Inventory

Currently on Market

    510

 

$1,123,637

 8% 

 

Sold 2011

 

    527

   -13%

$692,797

 2%

 11 mos.

Sold 2010

 

    608

 

$680,615

 

 12 mos.

 

The number of single family homes sold have decreased in Fairfield by 13% from the previous year.  This is not surprising as last year there was a first time homebuyer’s tax incentive.  It’s actually good news that the prices are up 2% and not declining given that there are fewer sales.  There is currently a 11 months’ supply of single family homes in Fairfield, which means it is still a Buyer’s market.  (A balanced market is 6 months' supply and below 6 months' supply is considered a Seller's market.)

If you are thinking of buying or selling in Fairfield, CT, please call me at 203-521-0768.

 

 

 

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Comment balloon 0 commentsGail Robinson • January 25 2012 11:20AM

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