Looking at July… Although the town-wide sales pace slows a bit, the local housing markets continued with strong sales and accepted offers in both Downtown Fairfield and Greens Farms Westport in July.

The average market time of the newly accepted offers was faster in Downtown Fairfield, at 32 days compared to 41 in the later half of June. But market time was a bit slower in Greens Farms with 54 average days compared to 37 in the last two weeks of June. Many of the sales continued to close at or above the asking price.

If you are like many others who want to sell but are still on the fence, August will continue to offer an excellent window of time to make your move before kids go back to school despite people taking vacations here and there. Interest rates and inventory are still low, and buyer demand is still strong. Rates are expected to creep up toward the end of the summer! You are right to arm yourself with an expert guide to help you put your strategy in place to reach your goal! Call me today to discuss your plans, (203) 912-4440.

What has sold in these two hot spots? Where are the accepted offers in July? Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There were 25 sales and six new accepted offers of single family homes in Fairfield’s downtown and beach areas in July, up slightly from 24 sales in June. The average days on the market for these new listings with accepted offers was 32 with a range from 5 to 107 days as shown below. This is down from 41 days during the last two weeks of June!

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

There were seven sales, (compared to eight in June), and four new accepted offers in Westport’s Greens Farms neighborhood in July. The average market time for the listings that just accepted offers was 54 days ranging from 41 to 76 as shown below. This was up from the 37-day average market time during the second half of June.

SOLD:

NEWLY ACCEPTED OFFERS:

Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> (203) 912-4440