Fairfield is in back in a Buyer’s Market with 6.4 months of inventory after briefly entering a Seller’s Market (the 12 month figure is used for the Absorption Analysis). The impact of Hurricane Sandy at the end of October is reflected in the three months trend numbers. Approximately 2,000 homes in Fairfield sustained some level of damage in Hurricane Sandy. The impact of that storm reduced the number of sales and sale prices.
In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is still underway. Despite the recent 3 month storm-related dip, Fairfield remains a strong, healthy market.
FAIRFIELD INVENTORY
FAIRFIELD SALES
HOTTEST HOMES IN FAIRFIELD
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 115 days and sell for 96% of list price.
Originally posted at: www.fairfieldcountyshoreline.com
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