West Essex at a Glance ~ Fairfield NJ Real Estate Market Reports and Stats for October 2009

West Essex at a Glance

Market Report and Stats for Fairfield, New Jersey for October 2009

Fairfield, New Jersey Market Report for October 2009:

• Active Listings: 59
• Under Contracts in October: 7
• Solds in October: 3
• Months Supply on the Market: 8.4
• Absorption ratio: 11% (only 11% of the total inventory went U/C in October, leaving 89% of the inventory unsold)

The market stats in the chart above above also reflect:

• New Listings for the month of October: 10
• Total properties Under Contract (including those u/c through the end of October): 16

There are currently no multi-family homes on the market in Fairfield, New Jersey.

Read about the Communities within West Essex

Fairfield, New Jersey 07004 is part of the West Essex Regional School District.

The West Essex Regional School District (grades 7-12) is located in North Caldwell and serves the four area sending districts of Essex Fells, Fairfield, North Caldwell, and Roseland. Each town maintains their own grammar schools for grades K-6.

These four suburban residential West Essex communities located only 25 miles from New York City have a combined population of approximately 23,000 people and cover an area of 18 square miles.

MARKET SNAPSHOT FOR THE FOUR SENDING DISTRICTS OF THE WEST ESSEX REGIONAL SCHOOLS

Snapshot of The Four Sending Districts of the West Essex Regional School District for October 2009:

• Active Listings: 156
• Under Contracts in October: 18
• Solds in October: 11
• Months Supply on the Market: 8.7
• Absorption ratio: 12% (only 12% of the total inventory went U/C in October, leaving 88% of the inventory unsold)

Search for homes currently on the market in Fairfield, New Jersey. For more information on homes for sale within the West Essex Regional School District, please contact Gina Chirico.

Your Resource for West Essex Real Estate,