Happy October! 🎃

I have to ask: What’s the One Thing your next home must have?

Here’s a summary of what happened last month in our Fairfield and Westport CT single-family markets compared to a year ago and the opportunities for making your next move.

✅ Get updates here for new listings, price changes, local market insights, and mortgage rates.

September 2025
Fairfield

Westport

Key Takeaways from September 🧐

In Fairfield there was more inventory, more months of supply, and there were more new listings this September compared to last year. However, there were fewer sales and pending sales. For the homes that did sell, the median sale price was up, market time averaged a brisk 20 days (down from 32 last year), and sales averaged 103% of asking, compared to 99% last September. This shows that, although there was more choice for buyers, the competition for some of the listings was still fierce.

In Westport the inventory and months of supply also increased year over year, to 4.16 months of supply, where five to six months is considered a balanced market. Unit sales increased by 24 percent. However, there were fewer new listings, longer market times (averaging 42 vs 33 days), and sale prices averaged just below asking. The median sale price also dipped slightly to $2,175,000. Perhaps a more balanced market is gradually approaching.

And the Opportunities Are… 🥇

The 30-year fixed conforming mortgage rate was 6.325% and the jumbo rate just at 6.000% at the time this was written. William Raveis Mortgage also offered adjustable rate mortgages (ARM) at 5% for jumbo, and 5.750% for conforming. This improves affordability for everyone considering a mortgage!

Sellers entering the market now still have a competitive advantage due to relatively low inventory. 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 can also have your agent negotiate timing to coordinate your move, such as a delayed closing date.

The market is still leaning toward sellers, and listing your house will provide more choices for everyone trying to make a move! There is a nice window for sellers list their homes and buyers to get in before the holiday season shifts into high gear.

Buyers, if you see something you like, be prepared to act with a complete offer including your pre-approval or proof of funds. If you’ve been watching a listing that’s been on for a while, now’s the time to make your offer. You might have some leverage to strike a good deal!

Will you be stepping into a new home this fall? 🍂 🏡

• Review last month’s market report here.
• Keep track of your home’s value in our ever-changing environment.
• Share 10 Reasons to Come to Fairfield with a friend!
• Enter your mailing address below to receive the new Quarterly Beach Bulletin 🌊.

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates