July 2022 Numbers are in! How does July compare to the previous month, and WHAT SOLD?!

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?!

In Fairfield, unit sales and market time were up a bit, and the median sale price compared to the asking price was down slightly compared to June. In Westport, unit sales were down from June, and the percentage over asking was also not as high as it was in June. The median days on market were almost the same. If you glance at the two graphs below, you will see the continued trend of upward appreciation of home values in both towns.

FAIRFIELD – July 2022 (vs. June)

Single-Family Homes

Units Sold: 89 (vs. 84)

Median Sale Price: $899,000 (vs. $935,500)

Average Sale vs. Asking Price: 104% (vs. 105%)

Median Days to Contract: 35 (vs. 22)

Fairfield Median Sale Price Trend: 3-Month Averages

WESTPORT – July 2022 (vs. June)

Single Family

Units Sold: 44 (vs. 61)

Median Sale Price: $2,080,000 (vs. $2,076,500)

Sale vs. Asking Price: 103% (vs. 108%)

Median Days to Contract: 20 (vs. 21)

Westport Median Sale Price Trend: 3-Month Averages

Wondering if now’s a good time to make a move? (Mark, pictured above, sure is!)

You may be wondering if prices will be coming down and if you should make a move now.

For monthly charts showing more market parameters in you towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate