ResalesFairfield, Connecticut Market Remains Strong, Say Realtors
Local Realtors say that Fairfield is still a strong market for housing, but it is not experiencing the sellers" market it once was.
"Fairfield offers a broad diversity in lifestyle and housing. It encompasses the rolling hills and horse country of Greenfield Hill as well as the historic village of Southport and its picturesque harbor," say Realtors Sara Hancox and Charles Hemmerdinger. "Fairfield"s very strong market is continuing now that spring is really here, and buyers are taking advantage of the lowest interest rates in years.
They advise, "The available inventory is increasing, and there are 405 active single-family residential listings priced between $169,900 and $13,940,000. Sellers are enjoying what is traditionally the most active time of year in terms of demand as, of the active listings, a very strong 23 percent have accepted offers. So far, this year there have already been 216 sales between $130,000 and $3,036,866, and during all of last year 884 properties sold between $130,000 and $7,500,000."
Says Realtor Judy Mori, "Based on our experience of working with buyers and sellers in Fairfield on a daily basis, we conclude that the real estate market in the Town is a neutral market, ie, neither a buyer"s or seller"s market. In all of the eight towns we report about - Bridgeport, Easton, Fairfield, Milford, Monroe, Shelton, Stratford and Trumbull, sales activity is slow for the higher priced single-family detached homes. This is especially true in Fairfield.
"If you are looking to live among the 55,000 residents of Fairfield, here are some statistics that might be of interest," says Realtor Judy Szablak. "Single family home inventory has increased about 20 percent to 331 single family homes on the market, 50 condominiums, and 89 rental properties available.The housing price bracket enjoying the most sales was $400k-$450k."
Click here to view current Market Conditions in your location.