Dear Friends,
It’s summertime, and the livin’ may be easy, as the song goes, but for the housing market, it gets a little more complicated. Housing inventory in Fairfield County has decreased 16% since last year, yet the total number of units sold has decreased 4% over all and the average number of days on market has increased by 2%.
With a decrease in inventory we would normally expect higher prices as well as an increase in sales volume, especially given our still historically very low home mortgage rates. Yet these market conditions indicate we are still definitely experiencing a buyer’s market.
Opportunities are still plentiful for buyers ready to take advantage, particularly in price ranges above the average for each town. Read more in my detailed market reports linked below and have a look at some of my recent listing updates.
Enjoy the rest of summer!
Best,
Joni
Click to get my detailed market reports
for Southern Fairfield County
What’s New & Different? Fresh Touches Throughout This Coleytown Classic
Refinished oak floors, refinished- kitchen & master bath cabinetry, as well as refinished barn siding in the spacious den, to name a few stylish new touches at this Coleytown colonial with gorgeous pool at 15 Rockyfield Road, Westport, priced at $1,099,000.
Just Listed: Westport ‘ Best In Show’ @ $949K
Wow, expanded, centrally-located Westport 4 BR colonial with 3-car garage and loads of upside potential on a walk-to-schools cul-de-sac, 1 Victoria Lane, Westport.
