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Fairfield County Market Data by Town – April, 2018

WESTPORT/WESTON

Property Sales

April Property sales were 55, up 1.9% from 54 in April of 2017 and 25.0% higher than the 44 sales last month. April 2018 sales were at their highest level compared to April of 2017 and 2016. April YTD sales of 167 are running 9.2% ahead of last year’s year-to-date sales of 153.

Prices

The Median Sales Price in April was $1,100,000, up 2.1% from $1,077,800 in April of 2017 and down -8.3% from $1,200,000 last month. The Average Sales Price in April was $1,375,495, up 2.7% from $1,338,958 in April of 2017 and up 0.3% from $1,371,100 last month. April 2018 ASP was at a mid range compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 99, up 7.6% from 92 days last month and down -45.6% from 182 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 94.0% was up from 93.8% last month and up from 92.2% in April of last year.

WESTON

Property Sales

April Property sales were 15, up 15.4% from 13 in April of 2017 and 66.7% higher than the 9 sales last month. April 2018 sales were at their highest level compared to April of 2017 and 2016. April YTD sales of 38 are running 2.7% ahead of last year’s year-to-date sales of 37.

Prices

The Median Sales Price in April was $699,000, down -11.5% from $790,000 in April of 2017 and up 30.7% from $535,000 last month. The Average Sales Price in April was $782,083, down -6.7% from $837,827 in April of 2017 and up 6.5% from $734,433 last month. April 2018 ASP was at the lowest level
compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 88, up 4.8% from 84 days last
month and down -57.5% from 207 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 94.1% was up from 93.9% last month and up from 90.6% in April of last year.

FAIRFIELD

Property Sales

April Property sales were 65, up 1.6% from 64 in April of 2017 and 22.6% higher than the 53 sales last month. April 2018 sales were at a mid level compared to April of 2017 and 2016. April YTD sales of 217 are running -4.4% behind last year’s year-to-date sales of 227.

Prices

The Median Sales Price in April was $485,000, down -9.3% from $534,500 in April of 2017 and down -1.0% from $490,000 last month. The Average Sales Price in April was $702,185, up 0.8% from $696,595 in April of 2017 and up 6.5% from $659,319 last month. April 2018 ASP was at highest level compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 64, down -22.0% from 82 days last month and down -52.2% from 134 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 94.4% was up from 94.3% last month and up from 94.2% in April of last year.

EASTON

Property Sales

April Property sales were 10, down -28.6% from 14 in April of 2017 and 11.1% higher than the 9 sales last month. April 2018 sales were at their lowest level compared to April of 2017 and 2016. April YTD sales of 33 are running 13.8% ahead of last year’s year-to-date sales of 29.

Prices

The Median Sales Price in April was $667,500, down -4.8% from $701,000 in April of 2017 and up 6.0% from $630,000 last month. The Average Sales Price in April was $611,800, down -19.5% from $759,893 in April of 2017 and down -1.9% from $623,533 last month. April 2018 ASP was at a mid range compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 173, up 50.4% from 115 days last month and down -15.2% from 204 days in April of last year. The April 2018 DOM was at a mid range compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 87.4% was down from 89.2% last month and down from 92.2% in April of last year.

NORWALK

Property Sales

April Property sales were 78, up 13.0% from 69 in April of 2017 and 14.7% higher than the 68 sales last month. April 2018 sales were at a mid level compared to April of 2017 and 2016. April YTD sales of 260 are running -4.8% behind last year’s year-to-date sales of 273.

Prices

The Median Sales Price in April was $420,000, up 5.0% from $400,000 in April of 2017 and up 22.4% from $343,000 last month. The Average Sales Price in April was $468,476, down -16.9% from $563,906 in April of 2017 and up 16.1% from $403,467 last month. April 2018 ASP was at the lowest level compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 62, down -8.8% from 68 days last month and down -50.4% from 125 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 95.2% was up from 94.8% last month and down from 95.7% in April of last year.

REDDING

Property Sales

April Property sales were 10, up 25.0% from 8 in April of 2017 and 11.1% higher than the 9 sales last month. April 2018 sales were at a mid level compared to April of 2017 and 2016. April YTD sales of 31 are running -13.9% behind last year’s year-to-date sales of 36.

Prices

The Median Sales Price in April was $520,500, up 19.3% from $436,250 in April of 2017 and down -9.0% from $572,000 last month. The Average Sales Price in April was $498,465, up 19.8% from $416,188 in April of 2017 and down -14.8% from $585,222 last month. April 2018 ASP was at highest level compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 51, down -59.8% from 127 days last month and down -49.5% from 101 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 93.7% was up from 92.5% last month and down from 96.1% in April of last year.

WILTON

Property Sales

April Property sales were 20, down -9.1% from 22 in April of 2017 and 42.9% higher than the 14 sales last month. April 2018 sales were at their lowest level compared to April of 2017 and 2016. April YTD sales of 58 are running -14.7% behind last year’s year-to-date sales of 68.

Prices

The Median Sales Price in April was $697,500, down -3.5% from $722,500 in April of 2017 and up 22.4% from $570,000 last month. The Average Sales Price in April was $774,270, down -3.1% from $798,848 in April of 2017 and up 33.0% from $582,357 last month. April 2018 ASP was at the lowest level compared to April of 2017 and 2016.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 95, up 11.8% from 85 days last month and down -55.2% from 212 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2018 Selling Price vs List Price of 94.4% was up from 92.0% last month and up from 92.9% in April of last year.