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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If you are a seller looking for an Internet-savvy marketing strategy or a buyer who is interested in working with an agent with in-depth knowlege of Fairfield County, I would be glad to assist you.
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