Fairfield Condo Market Update

By
Real Estate Agent with William Raveis Real Estate - Fairfield, CT

After seven months, the Fairfield Condo market is holding compares favorably to last year. However, it is still down from the levels in 2007.    

42 Condos have sold so far in 2009.  This is only 2 less than the 44 that had sold at this point last year.  It is still down 42% from the 73 that were sold in 2007.  

Prices are stable with the Average Selling Price coming in at $433,117.  This is down only 2% from last year but is still significantly below the $523,654 Average from 2007.  

There are currently 105 Condos on the market in Fairfield ranging in price from $199,000 to $1,297,692.    

This analysis is based on data from the Greater Fairfield County MLS.

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Mike Tetreau

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