FAIRFIELD MARKET ACTIVITY - NOVEMBER 2019
Overall, the number of Fairfield single family homes sold, year to date, is up 3.8% compared to last year's sales. Both the average value and the median home value have dropped 8.3% and 7.9% respectively.
FAIRFIELD MARKET TRENDS - NOVEMBER 2019
It appears that Fairfield will sell more homes this year than last year, however, the average time it takes to sell those homes has increased from 77 days to 89 days. The average sale price has dropped almost 9.0% from last year. Looking back over the last 19 years it is clear that the housing market has not fully recovered from the market crash 12 years ago. In 2007 the average sale price was $892,079 compared to the current average sale price of $708, 157. That's a 20.6% decrease in home values.
FAIRFIELD SALES BY PRICE BAND - NOVEMBER 2019
This chart shows the Absorption Rate of the market in specific price bands. For example, homes priced under $300,000 are moving quickly. There are currently 7 active listings in that price range and 4 listings sold in November. That means, if no other home comes on the market, those 7 homes will take 1.75 months to sell. On the other hand, homes priced between 1 million and 1.1 million are moving slowly. There are currently 17 active listings in that price range and only 1 listing sold in November. That means, if no other home comes on the market, those 17 homes will take 17 months to sell. And for a home priced over 3 million there is no data because there have been no sales this month.
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NORWALK MARKET ACTIVITY - NOVEMBER 2019
Overall, the number of Norwalk single family homes sold, year to date, is down 6.8% compared to last year's sales. Both the average home values and the median home value have dropped - 1.3% and 0.4% respectively.
NORWALK MARKET TRENDS - NOVEMBER 2019
It appears that Norwalk will sell fewer homes this year than last year and the average time it takes to sell those homes has increased from 67 days to 86 days. The average sale price has only dropped 1.4% from last year. Looking back over the last 19 years it is clear that the housing market has not fully recovered from the market crash 12 years ago. In 2006 the average sale price was $731,646 compared to the current average sale price of $598,898. That's an 18.1% decrease in home values.
NORWALK SALES BY PRICE BAND - NOVEMBER 2019
This chart shows the Absorption Rate of the market in specific price bands. For example, homes priced under $300,000 are moving very quickly. There are currently 6 active listings in that price range and 12 listings sold in November. That means, if no other home comes on the market, those 6 homes will take 2 weeks to sell. On the other hand, homes priced between $800,000 and $900,00 are moving slowly. There are currently 13 active listings in that price range and only 1 listing sold in November. That means, if no other home comes on the market, those 13 homes will take 13 months to sell. And for a home priced over 3 million there is no data because there have been no sales this month.
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WESTON MARKET ACTIVITY - NOVEMBER 2019
Overall, the number of Weston single family homes sold, year to date, is down 2.0% compared to last year's sales. Both the average value and the median home value have dropped 1.2% and 2.4% respectively.
WESTON MARKET TRENDS - NOVEMBER 2019
It appears that Weston will sell about the same number of homes this year as last year, however, the average time it takes to sell those homes has increased from 104 days to 119 days. The average sale price has only dropped 1.5% from last year. Looking back over the last 19 years it is clear that the housing market has not fully recovered from the market crash 12 years ago. In 2007 the average sale price was $1,295,047 compared to the current average sale price of $795,395. That's a 38.6% decrease in home values.
WESTON SALES BY PRICE BAND - NOVEMBER 2019
This chart shows the Absorption Rate of the market in specific price bands. For example, homes priced between $300,000 - $400,000 are moving very quickly. There is currently 1 active listing in that price range and 2 listings sold in November. That means, if no other home comes on the market, those 2 homes will take 2 weeks to sell. On the other hand, homes priced between $800,000 and $900,00 are moving slowly. There are currently 15 active listings in that price range and only 1 listing sold in November. That means, if no other home comes on the market, those 15 homes will take 15 months to sell. And for a home priced over 2 million there is no data because there have been no sales this month.
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WESTPORT MARKET ACTIVITY - NOVEMBER 2019
Overall, the number of WestPORT single family homes sold, year to date, is down 15.8% compared to last year's sales. Both the average value and the median home value have dropped 8.2% and 7.9% respectively.
WESTPORT MARKET TRENDS - NOVEMBER 2019
It appears that Westport will sell fewer of homes this year than last year and the average time it takes to sell those homes has increased from 98 days to 119 days. The average sale price has dropped 7.0% from last year. Looking back over the last 19 years it is clear that the housing market has not fully recovered from the market crash 12 years ago. In 2008 the average sale price was $1,708,804 compared to the current average sale price of $1,356,057. That's a 20.6% decrease in home values.
WESTPORT SALES BY PRICE BAND - NOVEMBER 2019
This chart shows the Absorption Rate of the market in specific price bands. For example, homes priced between $500,000 - $600,000 are moving very quickly. There is currently 8 active listings in that price range and 3 listings sold in November. That means, if no other home comes on the market, those 8 homes will take 2.67 months to sell. On the other hand, homes priced between 3 million and 4 million are moving slowly. There are currently 23 active listings in that price range and only 1 listing sold in November. That means, if no other home comes on the market, those 23 homes will take 23 months to sell. And for a home priced over 4 million there is no data because there have been no sales this month.