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).

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Happy November! 🦃 What will you be thankful for and what’s on your wishlist this season?

Take a look at this summary of the Fairfield and Westport CT single-family markets this October compared to a year ago and the opportunities ahead. Spoiler alert: The broad theme is “UP“!

Key Takeaways from October 2025 🧐

In Fairfield sales were up. Inventory, the months of supply and market time were up. The median sale price and price per square foot were up too. Ninety-five percent of the homes sold for at least 95% of asking with an average sale price of 102% of asking.

Westport

Likewise, in Westport sales were up. Inventory, the months of supply, and market time were up. The median sale price also jumped up a whopping 87% from last October due to a number of very high-priced sales. However, just 72% of homes sold for 95% or more of the asking price with an average sale price of 100% of list.

The markets in Fairfield and Westport were dynamic with stronger buyer and seller activity than a year ago. Many sellers still enjoyed top sale prices, while 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 5s. This means affordability is up for those considering a mortgage!

Sellers entering the market now have a continued competitive advantage due to appreciation and relatively low inventory. If you are also looking to buy but worry about finding your new home, you have options. You can list your home “subject to finding suitable housing”, sell and rent back until you’re ready to move, negotiate a long closing, or buy first with a bridge loan. Talk to your agent about a strategy that works best for you. Listing your house now will enable you to be a competitive buyer while providing more choices for everyone shopping for a new home!

Buyers, despite some continued multiple offer situations, your options and negotiating power are UP now with increased inventory and longer market times. If you see something you like, be prepared to submit a complete and competitive offer including your pre-approval or proof of funds. Now’s the time to make your offer, as sellers are likely motivated to close before the holidays. You may have some great leverage for a win-win deal!

Reach out to your agent if you wish to be grateful for 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.
• Keep track of your home’s value in our ever-changing environment.
• Share 10 Reasons to Come to Fairfield with a friend!
• Request to receive the Q3 Quarterly Beach Bulletin 🌊 in your mailbox below.

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

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#HousingPredictions

#MortgageRates

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