Fairfield Real Estate and Home Sales Update
March 30, 2008
Well the first quarter results are in and it is a very slow start to the year. Unit sales are off 34%. This is similar to most surrounding towns. The buyers are sitting on the sidelines waiting for....lower rates, lower prices and some stability. The NY Region is now being hit with news of large layoffs coming from the financial sector in New York City. The Fed is expected to lower rates again at their next session. All in all, it looks like it is going to take a little longer for the market to turn around.....
Fairfield Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of March 30 | |||||
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
Closes | 102 | 154 | -34% | 126 | -19% |
Median Price | $570,000 | $556,000 | 3% | $620,000 | -8% |
Avg Selling Price | $719,445 | $864,218 | -17% | $777,139 | -7% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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