FAIRFIELD
Market Trends
November 2012
Fairfield’s prices continued to rise and inventory declined until the past three months. The impact of Hurricane Sandy at the end of October is not yet reflected in these figures as it takes at least 60 days for most single family homes to close. After a banner Spring, the Fairfield market took a rest.
In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is still underway. Inventory is still quite low compared to the number of sales. Despite the recent 3 month seasonal dip, Fairfield remains a healthy market.
FAIRFIELD'S INVENTORY
FAIRFIELD'S SALES
FAIRFIELD'S HOTTEST HOMES
What homes are most in demand by buyers in Fairfield? The sweet spot in the market is for 4 bedroom homes with a list price of $775,000-800,000. They tend to be on the market only 111 days and sell for 96% of list price.
Comments(0)