Darien Market Trends January 2013

The Darien market is looking good overall.  Price trends are rising.  With 5.6 months of inventory (the 12 month figure is used for the absorption analysis), it is still officially a Seller’s 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 have leveled off. 

In retrospect, it looks like the Darien market hit bottom in the Q1 2012 and the market recovery is underway. 

INVENTORY

SALES

HOTTEST HOMES IN DARIEN

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 $1.6-1.7 million.  They tend to be on the market only 95 days and sell for 95% of list price.

Originally published at: www.fairfieldcountyshoreline.com