November Real Estate Market Report for Fairfield, CT
In Fairfield, CT, inventory was up 20.9% to 532 listings in November 2014. However, the number of days on market was down 24.4% from 131 days in November of 2013 to 99 days. The months of supply is up by 28.5%.
Other Towns In Fairfield County
| Changes Favoring Buyers | ||
| 3 Months Ending | November, 2014 | % Chg From Nov, 2013 |
| Unit Sales | 137 | -11.0% |
| Median Sale Price | $540,000 | -7.3% |
| Inventory | 551 | 14.8% |
| Months of Supply | 9.8 | 20.1% |
| Price per Sq Ft for Sold | $319 | -11.4% |
| New Listings | 300 | 3.8% |
| Listings Under Contract | 130 | -15.6% |
| Changes Favoring Sellers | ||
| 3 Months Ending | November, 2014 | % Chg From Nov, 2013 |
| Sales to List Price Ratio | 96.0% | 1.2% |
| Market Time (Days) | 91 | -20.2% |
Sales
There were 43 unit sales in November. This is down 24.6% from 57 in November of 2013. Sales/list price ratio in November moved down to 95.3% from 97.1% in October.
Prices
Median price in November was $523,500. This is down 12.8% from $600,000 in November of 2013. 3-month median price of $540,000 in November was down modestly from $572,500 in October and down slightly from $582,250 in November of 2013. Price per square foot in November was $326. This is up from $315 in October but down from $328 in November of 2013.
Inventory
Inventory of 532 in November was down 6.8% from 571 in October but up 20.9% from 440 in November of 2013. New listings of 67 in November were down considerably from 108 in October but up moderately from 53 in November of 2013. Months of supply of 9.6 in November was down marginally from 10.1 in October but up considerably from 7.5 in November of 2013. This is the lowest months of supply has been since June, 2014.
Market Time
Days on market of 99 in November was up moderately from 82 in October but down somewhat from 131 in November of 2013.
| Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Fairfield County Ranked by Best Performance | |
| Town | % Change |
| New Canaan | 18.83% |
| Greenwich | 13.43% |
| Stamford | 7.30% |
| Darien | 6.67% |
| Bethel | 4.59% |
| Westport | 4.46% |
| Weston | 3.87% |
| Stratford | 3.33% |
| Trumbull | 3.30% |
| New Fairfield | 2.86% |
| Data From: CMLS Towns with an average of at least 10 sales per month (maximum of 10 towns) |
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