Now that our area’s market has been hotter than a dog-day of summer without electricity, just how hot is this market ? Crazy hot !
Westport sales volume jumped over 200% since 2019 with days on market is down almost 30%. Wilton sales volume is up almost 80% ! Crazy! [Click graphic]
The median sale price is up significantly in every town, as Fairfield County’s market outpaces most of the country’s affluent communities, according to Joe Valvano, Coldwell Banker Connecticut/Westchester President.
Is this a bubble ?? While no one can ever predict the future, particularly in an election year, (which typically brings a less than robust fall market) we in Fairfield County — mid-pandemic — feel we are in a geographical sweet spot that could buck the trend.
Scroll down for full market action reports, and have a look at an exciting, new Schmiedeck project just listed.
All the best.