Fairfield and Westport CT Real Estate Guide

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

📆 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!
• 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

Hello August! 🌻

Word on the street- Whew, we got steam heat! ♨️

Here’s a summary of what happened in July in our local Fairfield and Westport single-family housing markets compared to a year ago.

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

July 2025
Market Changes in Favor of Buyers & Sellers

What were the July opportunities?

For sellers, there were fewer new listings to compete with in July compared to last year. Sale prices still averaged 103 and 101 percent of asking in Fairfield and Westport respectively. Market time on average remained at four weeks or less (to contract). Sale prices were up in Westport, and average list prices were up in Fairfield compared to July 2024.

For buyers, inventory was up in both towns, and the number of sales was down compared to last July. In Westport, the months of supply was up to 4.82, where five to six months of supply is considered a balanced market! The months of supply refers to how many months it would take to sell all the homes on the market at the current rate of sales. These factors suggest a little more choice, plus some potential leverage for buyers.

At the time this post was written, the 30-year fixed conforming mortgage rate was down to 6.490% and the jumbo rate stayed at 6.125%.

Action Items.

Whether you are thinking of buying, selling, or both, it’s in your best interest to be proactive by meeting with your agent early in your process. This will help you know what to expect in the current market and have a plan in mind.

Many sellers 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.

Pro Seller Tip: Five key factors will get your home sold, and you are in control of most of them! No matter the market conditions, it is critical to position your home to show its very best, which may include some staging and landscape enhancements. Here are some insights into the power of staging psychology. It’s also a good exercise to critique your home as if you were a prospective buyer to gain an honest perspective.

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

Although the market is still competitive for buyers, many are feeling frustrated by years of rising prices and interest rates, limited choice, and bidding wars. Pricing and presenting your house attractively can help you sell for top dollar in the least amount of time.

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 go! The average market time is still just a few weeks. Reach out to your agent before you’re ready to bid to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. How much leverage you have when bidding on a home depends on the competition for that property at the time it hits the market.

If you are ready to make an informed decision, you will be well positioned to comfortably secure your new home. This means you are prepared to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands.

Also, keep in mind if you are in a multiple-bid situation with financing, you may be competing with cash offers. Talk to your agent about how you can make your offer more attractive in other ways. If you need to sell your house before buying, discuss your options with your agent. Here’s a guide for what you can expect in the process of buying your home.

Can you see yourself in a new home before 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!
• 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