Market Overview: Fairfield, CT

Single Family Properties




August Headlines
Fairfield
  • New listings are down 12.6% to 76.
  • Months of supply in August was 8.8. This is up 6.3% from 8.2 in August of 2016.
  • Days on market is up by 6.7%.
Nearby Areas You May Be Interested In
  • Months of supply in Ridgefield is down by 26.0%.
  • Year-to-Date new listings in Norwalk are down 8.6% to 748.
  • Days on market in Easton in August was 91. This is down 34.1% from 138 in August of 2016.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Median Sale Price $605,000 -2.3%
Months of Supply 9.5 6.2%
Sales to List Price Ratio 96.6% 0.0%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 285 2.9%
Inventory 563 -2.6%
Market Time (Days) 93 -1.1%
Price per Sq Ft for Sold $269 4.7%
New Listings 295 -10.9%
Went To Contract 243 9.5%
Click here to see monthly and longer-term averages.

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Sales
There were 78 unit sales in August. This is down 3.7% from 81 in August of 2016. Sales/list price ratio in August moved down to 96.0% from 97.0% in July.

Prices
Median price in August was $630,500. This is up 2.5% from $615,000 in August of 2016. 3-month median price of $605,000 in August was up just slightly from $599,950 in July but down marginally from $619,000 in August of 2016. Price per square foot in August was $276. This is up from $258 in July and up from $256 in August of 2016.

Inventory
Inventory of 520 in August was down 8.0% from 565 in July and down 2.4% from 533 in August of 2016. New listings of 76 in August were down a little from 88 in July and down modestly from 87 in August of 2016. Months of supply of 8.8 in August was down slightly from 9.5 in July but up a little from 8.2 in August of 2016. This is the lowest months of supply has been since March, 2017.

Market Time
Days on market of 96 in August was down just slightly from 98 in July but up slightly from 90 in August of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: SMARTMLS-CM
Towns with an average of at least 5 sales per month (maximum of 10)
 








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