September Real Estate Market Report for Fairfield, CT
In Fairfield, CT, three-month single family property unit sales n September were 202. This is down 25.5% from 271 in September of 2013. New listings are down by 4.6%. Price per square foot is down 4.2% to $317.
Other Towns In Fairfield County
| Changes Favoring Buyers | ||
| 3 Months Ending | September, 2014 | % Chg From Sep, 2013 |
| Unit Sales | 202 | -25.5% |
| Median Sale Price | $587,000 | -2.5% |
| Inventory | 558 | 11.8% |
| Months of Supply | 9.8 | 13.3% |
| Market Time (Days) | 98 | 5.4% |
| Price per Sq Ft for Sold | $301 | -1.5% |
| New Listings | 322 | 6.3% |
| Listings Under Contract | 172 | -15.3% |
| Changes Favoring Sellers | ||
| 3 Months Ending | September, 2014 | % Chg From Sep, 2013 |
| Sales to List Price Ratio | 96.3% | 0.3% |
Sales
There were 54 unit sales in September. This is down 1.8% from 55 in September of 2013. This is the lowest unit sales have been since 39 in March, 2014. Sales/list price ratio in September moved down to 95.8% from 96.7% in August.
Prices
Median price in September was $596,250. This is up 2.8% from $580,000 in September of 2013. 3-month median price of $587,000 in September was down just slightly from $599,000 in August and down a little from $602,000 in September of 2013. Price per square foot in September was $317. This is up from $288 in August but down from $331 in September of 2013.
Inventory
Inventory of 567 in September was up 3.3% from 549 in August and up 11.8% from 507 in September of 2013. New listings of 125 in September were way up from 90 in August but down just slightly from 131 in September of 2013. Months of supply of 10 in September was very slightly up from 9.6 in August and up slightly from 8.6 in September of 2013.
Market Time
Days on market of 92 in September was down modestly from 104 in August and down a little from 98 in September 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 | 20.79% |
| Greenwich | 13.77% |
| Stamford | 10.04% |
| Westport | 6.44% |
| Ridgefield | 6.03% |
| New Fairfield | 4.93% |
| Darien | 4.63% |
| Trumbull | 3.95% |
| Weston | 3.87% |
| Stratford | 2.69% |
| Data From: CMLS Towns with an average of at least 10 sales per month (maximum of 10 towns) |
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