Happy Holidays! 🎁 Enjoy adding the December market update to your wintery mix!

As we embrace cherished memories and prepare to make new ones with family and friends, now is also a great moment to reflect on our local markets and the opportunities ahead! Here’s a summary of the Fairfield and Westport CT single-family markets in November 2025 compared to a year ago. Do you think a shift is happening?

November 2025 Takeaways 🤓

In Fairfield sales were up and so were the inventory and months of supply. The median sale price and price per square foot were also up compared to last year, while the market time was unchanged. Ninety-two percent of the homes sold for at least 95% of asking, with sale prices averaging 101.5% of asking (up slightly from 100% last year).

Westport

In Westport sales were down from a year ago, while the inventory, months of supply, and market time were up. The median sale price was down from a year ago, and also down from last month. Sale prices averaged 95% of asking, down from 100% last November. Seventy-two percent of homes sold for 95% or more of the asking price (same as last month).

November sales reflect activity in October, when many try to complete their moves before the holiday season approaches. Fairfield’s market did reflect a flurry of activity, while the market in Westport slowed both in unit sales and market time, which averaged a month and a half. The months of supply in both towns remained well below six, indicating a market still in favor of home sellers. Although many sellers still enjoyed top sale prices and multiple offers, many buyers were able to negotiate prices below the list price.

The Opportunities… 🥳

Rates are down with the 30-year fixed conforming mortgage rate down to 6.125% and the jumbo rate at 5.750% at the time this was written. William Raveis Mortgage also offers adjustable rate mortgages (ARMs) with rates in the 4-5% range. This means mortgage affordability is up!

Sellers entering the market now still benefit from home appreciation and relatively low competition. If you are also looking to buy but worry about finding your new home, you have options to protect your transition when you list your house for sale. You are protected when you list your house for sale “subject to finding suitable housing”. This means you are under no obligation to sell your house until you have found the new home to move into. Another option is to sell your house and rent it back until you’re ready to move. This puts cash in your pocket and positions you as a strong buyer. You could also request a long closing to give you time to find your new home. It is also possible to buy before your sell with a bridge loan. Talk to your agent about a strategy that works best for you. Listing your house soon will enable you to be a competitive buyer and add one more home to choose from for everyone out there shopping for a home!

Buyers, depending on the competition for the home you want to pursue, you may face multiple offers, or you may have leverage to negotiate. Increased inventory and longer market times work in your favor. If you see something you like, be prepared to submit a complete and competitive offer including your pre-approval or proof of funds. If you need to sell your house first, talk to your agent as soon as possible to prepare your strategy.

Contact your agent if you’re dreaming of a new home this season! 🎁 🏡

More Action Items

• Sign up for updates: new listings, price changes, local market insights, and mortgage rates.
• See last month’s market report.
• Track your home’s value in our ever-changing environment.
• Request LIVE Real-Time Trend Reports for your town.
• Share 10 Reasons to Come to Fairfield with a friend!
• Request the Quarterly Beach Bulletin 🌊 in your mailbox below (include your mailing address).

#MarketReport
#RealEstateMarket
#FairfieldCTRealEstate
#WestportCTRealEstate
#HomeBuyers
#HomeSellers
#LuxuryLifestyle
#LuxuryRealEstate
#WilliamRaveisRealEstate
#WilliamRaveis
#RaveisSouthport
#DreamHome
#HomeSweetHome
#MyHomeIsMyCastle

#RealEstateMarket

#HousingPredictions

#MortgageRates