DARIEN
Market Trends
November 2012
The Darien market is showing seasonal signs of slowing down. With only 6.3 months of inventory (the 12 month figure is used for the absorption analysis), it is almost a balanced market. (Less than 6 months of inventory indicates a Seller’s Market.)
Prices are higher than they were a year ago, and days on market and the List/Sale Price Ratio has leveled off.
Darien sales increased in number and price during the Spring market, but have come down a bit in the Fall. In retrospect, it looks like the Darien market hit bottom in the Q1 2012 and the market recovery that began in Q2 2012 has slowed down for seasonal reasons. This may set the stage for a good Spring market in 2013.
DARIEN INVENTORY
DARIEN SALES
DARIEN'S HOTTEST HOMES
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 $1.5-1.6 million. They tend to be on the market only 97 days and sell for 96% of list price.
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