Fairfield County Homes for Sale: Fairfield Connecticut Real Estate Market Trends Report - October 2012

Fairfield Connecticut Real Estate Market Trends Report - October 2012

FAIRFIELD

Market Trends

October 2012


Fairfield Connecticut Real Estate Market Trends - October 2012

Fairfield’s prices continue to rise and the market is a healthy one with a trend of higher prices and fewer days on market.  Fairfield remains in a Buyer’s Market with 7.91 months of inventory, but the Three Month trend of 6.4 months is almost in Seller’s market territory (less than 6 months of inventory). 

There have been 15 sales over $2 million in Fairfield in the past 12 months.  The lowest sale price was $90,000 and the highest was $5.95 million.  The median sale price was $535,000.

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

What homes are most in demand by buyers in Fairfield?  The sweet spot in the market is for 3 bedroom homes listed between $450,000 to $475,000 and selling at 95% of list price after 107 DOM. 

Fairfield Inventory

Fairfield Connecticut Real Estate Inventory - October 2012

Fairfield Sales

Fairfield Connecticut Real Estate Sales - October 2012



 

 

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Comment balloon 0 commentsGail Robinson • November 09 2012 05:10PM

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