The Darien market is getting stronger. With only 6 months of inventory (the 12 month figure is used for the absorption analysis), it is a balanced market and trends show it is well on its way to a Seller’s Market (look at the past three months, which shows only 3.3 Months Supply on Market). Less than 6 months of inventory indicates a Seller’s Market.
On another good note, prices have been increasing and have surpassed prices of a year ago. Average List to Sales Price has increased to 96%.
Darien had a great Spring market and the market trends are all favorable. In retrospect, it looks like the Darien market hit bottom in the Q1 2012 and the market recovery began in Q2 2012.
What homes are most in demand by buyers in Darien? The sweet spot in the market is for 4 bedroom homes with a list price of $1.3-1.4 million. They tend to be on the market only 98 days and sell for 97% of list price.
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