I analyzed 7,219 of the units sold in the 20 Fairfield County towns during 2006.

I saw a high single family home list price of $7,595,000 and a high selling price of $7,275,000. 

The average list price was $531,277 and average selling price was $511,790, that is 96.3% of the average list price.  

The median list price was $385,000 and the median selling price was $375,000, that is 97.4% of the median list price. 

You can see there is a broad range of housing/prices throughout the towns in Fairfield County.  

Additionally, this shows that when properties are priced appropriately, they are selling close to the asking prices.   

Inventory currently represents a 7.6 months supply.  

It is interesting to note that while the 2006 median list price increased just 3.3% over the 2005 median list price, 

the median list price of those single family homes currently on the market is 22.6% higher than the 

median list price in 2006.  

Homes that are well priced, that is homes priced for the current market are selling and they are 

selling at 96-97% of list price. So it is a good time to sell a house.   

There is a large supply of houses from which buyers may choose and tsome are houses that have been fairly 

priced by sellers, so it is a good time to buy a house.