📆 It’s mid-September, and the word on the street is that we’re back from vacation and back to school… now what?!

Beach yoga days are numbered, the end-of-summer dust has settled, and now you’re wondering, how’s the real estate market? Here’s a summary of what happened last month in our Fairfield and Westport Connecticut single-family housing markets compared to a year ago and the opportunities that follow.

✅ Stay informed of new listings, price changes, local market insights, and mortgage rates.

August 2025
Changes in Favor of Buyers & Sellers

🧐 What happened in August?

In Fairfield, the number of sales was up even though inventory was down, new listings were down, and the months of supply was down from August a year ago. As a result, prices were up, and sales averaged 104% of asking, compared to 102% last August.

In Westport the number of sales was about the same as last year, and inventory was significantly higher, yet sale prices were still up compared to last August. Fewer new listings came on the market and the average market time was higher, suggesting that some inventory was sitting while some new listings came on and sold quickly. Sale prices averaged close to asking.

🙌 What are the Opportunities?

Low inventory and low affordability continue to be the biggest challenges.

The good news is that the 30-year fixed conforming mortgage rate was down to 6.125% and the jumbo rate just dropped to 6.000% at the time this was written. This improves affordability for everyone considering a mortgage!

Sellers who jump into the market now have a great competitive advantage. If you are also looking to buy, you can list your home “subject to finding suitable housing” to protect yourself until you find something you love. You are also in the driver’s seat when it comes to timing and can require a delayed closing date to meet your needs.

Now is primetime for sellers list their homes before the holiday season is upon us. It is still a seller’s market, and listing your house will provide more options for everyone trying to make a move!

Buyers, if you’ve been watching a listing for a while that hasn’t sold yet, now’s the time to make your move- you might have some good leverage to strike a deal!

🎬 Want to Take Action?

Sellers often ask– when is the best time to sell? The answer is- when you are emotionally ready, your house is market-ready, and the time is right for you. There will always be pros and cons to the current market, and it’s impossible to time it accurately.

Reach out to 📲 your agent with your questions and desired outcomes so you’ll have a plan and timeline to get where you want to go. Ask your agent what they have in mind for the best marketing strategy to maximize demand for your listing in the current market and what the key points of negotiation are likely to be so you are not surprised. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect for the process.

As a buyer in this market, be ready to buy! The average market time is still just a few weeks. Reach out to 📲 your agent before you’re ready to bid to review the process, new forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful purchase and/or sale. Your agent can assess the degree of leverage you have when bidding on a home by investigating key variables such as the amount of competition for it at that exact moment.

Fun Activity:
🖐 Raise your hand if
you become two different people when you’re
a home seller 😎 and a home buyer 🤨!

Will you be leveraging 💪 the opportunities this fall? 🍂

• Review last month’s market report here.
• Keep track of your home’s value estimate in our ever-changing environment.
• Share 10 Reasons to Come to Fairfield with a friend!
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