What’s the answer?

Featured property for sale in Fairfield, CT: $379,000. Click image for more info!
Let’s see how the towns did in June this year as we were having fun in the sun…
It helps to look at the rate that homes are selling, known as the “absorption rate”. It’s calculated by dividing the sales per month by the number of homes on the market at the end of that month. The higher the percentage, the faster homes are selling and the stronger the market.
At the end of June in Fairfield, there were 90 sales with 622 homes on the market. So 90/622 is an absorption rate of 14%. Last June, there were 79 sales with 556 homes for sale equating to the same absorption rate of 14% indicating little change in the pace of the market in Fairfield.
In Westport however, 39 homes sold with 405 on the market and an absorption rate of 39/405 = 10%. Last June there were 49 sales and 346 active listings, or a rate of (49/346) 14%, showing a weaker market so far this summer.
In Weston 19 homes sold in June with 191 for sale, and a ratio of 19/191, or 10%. Last June, Weston saw 29 sales and 183 homes for sale, an absorption rate of 29/183 =16%. So the Weston market has slowed as well.
An absorption rate below 15% is considered to be a good market for buyers with greater months of supply and slower sales, whereas a rate above 20% is typically a faster-selling market favoring sellers.
Take a look at the town numbers for June 2013 versus 2014 here: 2014 June Real Estate Fairfield, Westport, Weston
The second half of 2014 is expected to be stronger than the first half according to researchers at Redfin brokerage as reported by RealtorMag. Click here for the article and to find out why, and let’s get ready for the pace to pick up as we enjoy the breezes of the remaining summer!

Featured home for sale in Fairfield, CT $1,395,000. Click image for more info!
For more answers…or more questions, feel free to submit a request below.
Luxury Coastal Real Estate Specialist | Fairfield Beach, Southport & Westport CT | Waterfront & Lifestyle Transitions | William Raveis Real Estate
Buying or selling a home can feel overwhelming, or exciting. It is one of life’s biggest transitions — and it often comes with more questions than answers. How do I price my home for top dollar? What upgrades matter most to buyers? How can I compete for Fairfield Beach or Westport CT homes for sale without overpaying?
I’m Linda Raymond, a Fairfield County Realtor with William Raveis, and I'm here to guide you to make informed decisions so your move is smooth, strategic, and successful!
As a lifelong Connecticut resident who has lived and worked in Westport, Fairfield, Southport, and neighboring towns, I bring deep local knowledge and community connections. My clients trust me for personalized service, innovative marketing, and results-driven strategies that help sellers achieve the best price and buyers find the right fit — whether that’s a luxury home in the Fairfield Beach Area or Westport or a first home in a welcoming neighborhood.
With nearly 100 five-star reviews and recognition as a Luxury Property Specialist, Chairman’s Elite Club member, and Connecticut Magazine’s Five-Star Professional Award winner, my track record speaks for itself. But what I value most are the long-term relationships I’ve built. Many of my clients return — or refer friends and family — because they know I’ll put their goals first.
Whether you’re upsizing, downsizing, or relocating to Fairfield County, I’ll start by listening closely to your needs and priorities. Then, I’ll create a custom plan to help you move forward with confidence.
Let’s make your next move rewarding — and even exciting. Call or text me today at 203.912.4440 to connect with a trusted Fairfield and Westport CT Realtor.
July 29, 2014 at 8:16 pm
Thanks….you wouldn’t know it by the face you chose to go with your comment though! Lol!
LikeLike
July 26, 2014 at 1:33 pm
Great analysis Linda!
LikeLike