Fall Market will be Busy in Fairfield!

By
Real Estate Agent with The Higgins Group

As we all enjoy this beautiful Labor Day holiday, experienced Realtors are  busy working the Fall 2014 Real Estate market in Fairfield. I glanced at the MLS this morning, and there were already 464 single family homes on the market. 

Second quarter 2014 was already the busiest second quarter in recent memory, and I believe the third quarter data will also be equal or better than 2013. Why? More inventory. The bump in inventory will also stem the price rises: the Median 2nd qtr. sales price for a Fairfield home was $597,000 - versus $530,000 for the same period in 2013. Dollar volume for the year to date was up 13% over 2013. I am expecting the third quarter data to show a much lower price increase, followed by a similar trend in the fourth quarter. 

What does this mean for buyers and sellers of Fairfield Real Estate? It means that we are in a "good" real estate market, where there is plenty of inventory for buyers to choose from - yet sellers of move-in quality homes priced appropriately will see excellent prices as a result. 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Connecticut Fairfield County Fairfield

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
11,365

Paul Krumins

Trust and Experience... When You Need It Most!
Thinking of Selling? Or Buying?
*
*
*
*
Spam prevention