Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County

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Fairfield and Westport Real Estate Market: March 2024 🌱


Will the market bring March Madness? 🏡 😅

We’ve entered Daylight Savings Time, and Spring is so close, we can taste it! 🌱

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in February 2024.

Prices were up.

  • Sale prices averaged 100% of asking in Fairfield and 107% in Westport.
  • The median sale price in Fairfield was $820,000, up 37.8% compared to February 2023. The median sale price per square foot was up 6.5% to $373. In Westport, the median sale price was $1,600,000, down 1.5%, and the median sale price per square foot was $534, which was up 5.1% from last February.

Pace was down.

  • Days on market averaged of 56 days in Fairfield and 67 days in Westport, so two-to-three months in general.
  • Unit sales were down 21.1% in Fairfield and 40% in Westport compared to February 2023. Inventory was also down with just 111 single-family homes for sale in Fairfield and 77 in Westport.
  • The months of supply metric was up from February 2023 but still in the two-to-three-month range in both towns. This was the result of a slower rate of sales.

What does it mean?

The market in February showed continued low inventory which is the biggest rate-limiting factor right now. Buyer demand also continued despite the inventory shortage which maintained upward pressure on prices. But rates are back into the 6s, and there is pent up demand on all fronts for people to make a move to a better suited lifestyle.

Bottom line.

People buy and sell in every season and in every market. So embrace your new lifestyle goals if the right time for you is now. Your agent’s expert guidance will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window before sellers accept offers. So you must be ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Will a little healthy March madness motivate you to make your move? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – FEBRUARY 2024


WESTPORT SINGLE-FAMILY – FEBUARY 2024

To review last month’s market report, click here.

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William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: February 2024 ❄️💫

As we plug away toward spring, let’s take a quick look at what happened in the first month of the year our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in January 2024.

Prices were up.

  • Sale prices averaged just under 100% of asking in Fairfield and 101% in Westport. This is about the same as January when both ratios were 100%.
  • The median sale price in Fairfield was $805,000, up 36.4% compared to January 2023. The median sale price per square foot was up 7.9% to $341. In Westport, the median sale price was $1,850,000, up 16.4%, and the median sale price per square foot was $482, which was up 15.4% from last January.

Pace was down.

  • Days on market increased from 48 in November to an average of 63 days in Fairfield and 74 days in Westport. This is approximately 30% more time on the market than last December in both towns.
  • Unit sales were down 13.5% in Fairfield and 5% in Westport compared to January 2023. Inventory was also down with just 100 single-family homes for sale in Fairfield and 83 in Westport. There were seven new listings in Fairfield and six in Westport at the time of this post.
  • The months of supply was up from January 2023 but still in the two-to-three-month range in both towns. This is the result of a slower rate of sales, and due to an influx of homes coming on the market. 

What does it mean?

The market in January showed the continued trend of low inventory with ongoing buyer demand which maintained upward pressure on prices.

Bottom line.

People buy and sell in every season and in every market. So you can embrace your new lifestyle goals if now is the right time for you. The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you think this year will be a better time for you to move than last year? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – JANUARY 2024


WESTPORT SINGLE-FAMILY – JANUARY 2024

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William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: JANUARY 2024💥


Happy New Year! 🎉

As we dive into 2024, let’s take a quick look at what happened in December in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports, and if you love the charts 📊, scroll down. ⬇️

Here’s what happened in December 2023.

Prices were up.

  • Sale prices averaged 102% of asking in Fairfield and 103% in Westport. This was an increase from November when both ratios were 100%. Most homes, (57% in Fairfield and 70% in Westport), sold above the asking price, and more than 90% of the sales sold for over 95% of the asking price.
  • The median sale price in Fairfield was $1,010,000, up 41.3% compared to December 2023. The median sale price per square foot was up 12.2% to $421. In Westport, the median sale price was $1,750,000, up 2.9%, and the median sale price per square foot was $605, which was up 38.3% from last December.

Pace was down.

  • Days on market increased from 48 in November to an average of 63 days in Fairfield and 74 days in Westport. This is approximately 30% more time on the market than last December in both towns.
  • Unit sales were down 17.3% in Fairfield and 37% in Westport compared to December 2022. Inventory was also down with just 88 single-family homes for sale in Fairfield and 58 in Westport. There were seven new listings in Fairfield and six in Westport at the time of this post.
  • The months of supply was up from December 2022 but still in the two-month range in both towns. This is the result of a slower rate of sales, and due to an influx of homes coming on the market. 

What does it mean?

The market in December demonstrated more of what we saw all year. Low inventory with buyer demand maintained the upward pressure on prices and limited the pace of sales.

The good news was that rates began to tick downward in November, and there were some signs that the market might start moving in a more balanced direction. At the time of this post, you could get a 30-year Fixed Jumbo at 6.625% and 30-year FHA for 6.125% from William Raveis Mortgage. This pointed to us being past the peak of interest rates.

Udate 1/11/24: The National Association of Realtors Chief Economist Lawrence Yun forecasts an improved housing market in 2024. He said, “The demand for housing will recover from falling mortgage rates and rising income. In addition, housing inventory is expected to rise by around 30% as more sellers begin to list after delaying selling over the past two years.”

As we head into the New Year with rates ticking downward, more sellers may be ready and willing to enter the market. With the improved affordability from these lower rates and new listings to choose from buyers should be able to appreciate more options. So, if you have been waiting to make your move, now is a good time to get ready to do so.

Bottom line.

People buy and sell in every season and in every market. So you can embrace your new lifestyle goals if now is the right time for you. The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you think this year will be a better time to move than last year? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – DECEMBER 2023


WESTPORT SINGLE-FAMILY – DECEMBER 2023

If you’re not ready to think about your move yet, please refer your friends to me using the form below.
Referrals are a win-win!

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Thank you for your response. ✨

William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: December 2023

Go to JANAUARY 2024 Report

Is there a new trend emerging?

Happy Holiday Season! The November numbers are in. As 2023 comes to a close, let’s take a look at what happened in our local Fairfield and Westport markets in November. For a list of all the single-family sales, explore the What Sold Reports. If you love the visuals, charts await you below! ⬇️

Here’s what happened in November:

Prices.

Sale prices averaged 100% of asking in both Fairfield and Westport. This is down from 102-103% in October suggesting a slight shift toward a more balanced playing field between buyers and sellers. The seller market was still strong though, with more than half the homes selling above asking price and the majority homes selling for over 95% of the asking price.

The median sale price was 13% lower year over year in Fairfield, likely due to a mix of sales that included more smaller homes. In Westport, the median sale price was up 9.7%. The median sale price per square foot was up in both towns compared to November 2022.

Pace.

The time on-market averaged 48 days in Fairfield and Westport, which was shortest November market time in the past three years.

Unit sales were down 11.1% in Fairfield and up 8.7% in Westport. There were eight new listings in each town at the time of this post. Inventory was up very slightly in Fairfield (3.1%) but down 12.5% in Westport.

There were approximately three months of supply in both towns, (2.78 months in Fairfield and 3.32 months in Westport). This metric shows that we are still in a sellers’ market given that a balanced market has closer to a six-month supply. However, the market is not as extreme in the seller’s favor as it was when the supply was in the two-month range in March (Westport) and April (Fairfield).

What does it mean?

There are some signs that the real estate market may be moving toward a more balanced state given that market activity is resulting in a sale to list ratio of 100% (versus way above) and that the supply is hovering in the three-month range.

Rates, ratio, and supply may suggest a shift toward a more balanced market. But this does not appear to be a clear trend yet, and market time is still quite short, so we will have to wait and see.

If you plan to buy in this market, there is still a good amount of competition and a short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision and have everything you need to submit a competitive offer. This means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece!

When you are selling, the market’s response to your listing depends on how compelling your asking price is for the property you are presenting and the demand for your property at the time you list your home for sale. Your agent will guide you on the strategy to maximize the demand for your listing in the current market.

Bottom line

Eighty-nine homes sold in December 2022, meaning that 178 parties made a successful move during this holiday month last year. So we can expect a good amount of serious people making successful moves this December as well. Do you plan to be one of them?

People buy and sell in every season and in every market. So you can embrace your new lifestyle goals if now is the right time for you. The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – NOVEMBER 2023


WESTPORT SINGLE-FAMILY – NOVEMBER 2023

If you’re not ready to think about your move yet, please refer your friends to me using the form below.
Referrals are a win-win!

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William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: November 2023

Holidays are coming!

As the holiday season approaches 🥳, Fairfield and Westport homeowners are eager to understand the trajectory of the real estate market. Questions about whether it will persist or come to a halt are on many minds, especially for those contemplating a move and uncertain about the ideal timing. Let’s delve into the recent market activity to gain insights and set expectations.

The October report is in!

The October 2023 report has arrived, providing a comprehensive overview of this month compared to the same period last year. Explore the What Sold Reports for a detailed look at all single-family home sales in Fairfield and Westport, Connecticut during October 2023. For those who appreciate visuals, charts await you below! 🤩

7 Things to know about what happened in October:

Yes, mortgage rate and price increases have sidelined some buyers, but not enough to offset the low inventory. Here are seven points to understand about what happened in October.

  1. INVENTORY WAS DOWN 19.2% in Fairfield and 5.7% in Westport.
  2. UNIT SALES WERE DOWN 27.9% in Fairfield and UP 19.0% in Westport.
  3. MARKET TIME WAS DOWN averaging 40 days in Fairfield and 43 days in Westport.
  4. MEDIAN SALE PRICE WAS UP 12.9% in Fairfield and UP 26.4% in Westport.
  5. SALE PRICES AVERAGED 103.3% and 102.2% of the list price in Fairfield and Westport respectively.
  6. SOLD OVER LIST PRICE: 68.8% in Fairfield and 52.0% in Westport.
  7. SOLD FOR OVER 95% OF LIST PRICE: 91% in Fairfield and 84% in Westport

Low inventory and strong buyer demand continue to upward pressure on prices.

Buyer tip:

When you are buying in this market, there is still a good amount of competition and a short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision and have everything you need to submit a competitive offer. This means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece!

Seller tip:

When you are selling, the market’s response to your listing depends on how compelling your asking price is for the property you are presenting and the demand for your property at the time you list your home for sale. Your agent will guide you on the strategy to maximize the demand for your listing in the current market.

So what’s the take away?

Bottom line: Sixty-seven homes sold in November 2022 which means that 134 parties made a successful move. So we can expect a good amount of people making successful moves this November as well. Will one of them be you?

People buy and sell in every season and in every market. So embrace your dream lifestyle and go for it, if now is right for you! The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – OCTOBER 2023


WESTPORT SINGLE-FAMILY – OCTOBER 2023

If you’re not ready to think about your move yet, please refer your friends to me using the form below. Referrals are a win-win!

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Thank you for your response. ✨

William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: October 2023

October numbers are in!

Greetings, Fairfield and Westport homeowners. I know many of you would like to make a move but are trying to figure out the best timing for your goals.

The charts below summarize what happened in September 2023 compared to August and to September 2022. You can also view the What Sold Reports to see all the single-family homes that sold in September 2023 in Fairfield and Westport Connecticut.

If you don’t like charts, skip to the summary below! 🤩

FAIRFIELD SINGLE-FAMILY – SEPTEMBER 2023


WESTPORT SINGLE-FAMILY – SEPTEMBER 2023

William Raveis Local Housing Data

Low inventory and strong buyer demand continue to maintain some upward pressure on prices.

Yes, mortgage rate increases have sidelined some buyers, but not enough to offset the low inventory. Here are five key points to understand about the market in September this year vs last year.

  1. INVENTORY WAS DOWN 21% in Fairfield and 1% in Westport.
  2. UNIT SALES WERE DOWN 37.9% in Fairfield and 55.3% in Westport.
  3. MARKET TIME averaged 48 days in Fairfield and 58 days in Westport.
  4. MEDIAN SALE PRICE was down slightly (1.1%) in Fairfield and UP 17.4% in Westport.
  5. SALE PRICES AVERAGED 102.3% in Fairfield and 96.6% of asking in Fairfield and Westport respectively, (so pretty close to asking).
  6. SOLD OVER ASKING: 74.3% in Fairfield and 18.8% in Westport.

When you are buying in this market, there is still a good amount of competition and a relatively short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision and have everything you need to submit a competitive offer. This means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece!

When you are selling, the market’s response to your listing depends on how compelling your asking price is for the property you are presenting and the demand for your property at the time you list it for sale. In September, homes sold close to the asking price on average and went under contract in 48-58 days. Your agent will guide you on the strategy to maximize the demand for your listing in the current market.

Bottom line: There is a very nice window right now to sell your home. We are after the back-to-school rush and before the holiday craziness, after the summer heat and before the wintery mix. Buyer demand remains higher than the supply, and the inventory is still low.

People buy and sell in every market, so embrace your dream lifestyle and go for it, if now is right for you! The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

If you’re not ready to think about your move yet, please refer your friends to me using the form below. Referrals are a win-win!

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Thank you for your response. ✨

William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: September 2023

Hello Fairfield and Westport!

Here’s your September market report. If you are like many I know, you would like to make a move but are trying to figure out the best timing for your goals.

The charts below summarize what happened in August 2023 compared 2022. You can also view the What Sold Reports to see all the single-family homes that sold in August 2023 in Fairfield and Westport Connecticut. Additional metrics including the sale-to-list price ratio and number of cash sales are included from the MLS below.

FAIRFIELD SINGLE-FAMILY – AUGUST 2023


WESTPORT SINGLE-FAMILY – AUGUST 2023

William Raveis Local Housing Data

Low inventory and strong buyer demand continue to maintain upward pressure on prices.

Yes, mortgage rate increases have sidelined some buyers, but not enough to offset the low inventory. Here are six key points to understand about the market in August this year compared to last year.

  1. INVENTORY WAS DOWN 19.2% in Fairfield and 5.3% in Westport.
  2. UNIT SALES WERE DOWN 11% in Fairfield and 20.4% in Westport.
  3. MARKET TIME WAS DOWN to an average of 42 days in Fairfield and 39 days in Westport.
  4. SALE PRICES AVERAGED 104% – 105% of asking in both towns.
  5. ACCEPTED OFFERS VS ACTIVE LISTINGS WERE SIMILAR TO 2019 LEVELS with 13% of active listings having accepted offers in Fairfield and 8% in Westport at the end of August, (Compared to 11% in Fairfield and 6% in Westport in August 2019).
  6. CASH DEALS DECREASED in August to 28.8% of sales in Fairfield and 26.8% in Westport. This is lower than in the previous month of July when 35.1% and 38.5% of the sales were cash in Fairfield and Westport respectively. These could be purchases that were committed to before the most recent mortgage rate increases.

When you are buying in this market, it is important that you are prepared to make an informed decision and to submit a competitive offer. This means that you have your mortgage pre-approval or proof of funds in hand, because an offer is not complete without this critical piece! The good news is that new listings are coming to the market each day, so you can look forward to having new options.

If you are selling a home for which you put down a solid down payment or paid cash for, you can look forward to enjoying a high sale price and maximum equity!

On average, homes sold 104-105% above the asking price in August, yet some homes also had price reductions. The market response to your listing depends on how compelling your asking price is for the property you are presenting and the demand for your property at the time you list it for sale. Your agent will guide you on the strategy to maximize the demand for your listing in the current market.

Bottom line: Now is a still a great time to sell! Buyer demand remains higher than the supply and inventory is still low. As a buyer in this market, you can anticipate increased equity from price appreciation that is expected to continue. New listings continue to come to the market each day offering new choices. Rates may also come down in the next year or so enabling you to refinance.

Embrace your dream lifestyle with the expert guidance of your agent to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

If you’re not ready to think about your move yet, please refer your friends to me using the form below. Referrals are a win-win!

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Thank you for your response. ✨

William Raveis Local Housing Data


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August 2023 Real Estate Update: Summer Market Trends in Fairfield & Westport CT

Hello Fairfield and Westport!

If you are like many I know, you would like to make a move but are trying to figure out the best timing for your goals.

I am seeing some buyer resistance to prices due to the added expense of current interest rates. However, the imbalance of supply and demand still keeps us in a seller’s market despite the rising rates. Here’s the latest market update.

The charts below show a summary of what happened in July 2023 compared to last July. My What Sold Reports include a list and summary of all the single-family homes that sold in July 2023 in Fairfield and Westport Connecticut.

FAIRFIELD SINGLE-FAMILY – JULY 2023


WESTPORT SINGLE-FAMILY – JULY 2023

William raveis Local Housing Data

Low inventory and strong buyer demand continue to push prices of many homes higher and also limit the overall market pace in Fairfield and Westport.

Here are six key points to understand about the market in July this year compared to last July.

  1. INVENTORY WAS DOWN 13 – 14% in the two towns.
  2. UNIT SALES WERE DOWN 39% in Fairfield and UP 6% in Westport.
  3. SALE PRICES AVERAGED 104% – 105% of asking in both towns.
  4. ACCEPTED OFFERS COMPARED TO ACTIVE LISTINGS REMAINED HIGH at 27% of active listings in Fairfield and 15% in Westport. Although these are lower percentages than in July of 2020 through July 2022, the accepted offer levels were still significantly higher than those of July 2019 pre-pandemic; double in Fairfield (13%) and triple in Westport (5%)!
  5. MARKET TIME INCREASED to a range of 36 – 50 days to contract.
  6. CASH DEALS comprised 36% and 38% of the sales in July in Fairfield and Westport respectively.


When you are buying in this market, you want to be prepared to come in with a competitive offer. This includes being prepared with a mortgage pre-approval or proof of funds in hand so you can make an offer quickly when you see a home you want! Remember, there’s a 36-38% chance you may be competing with cash offers, so you will want to do everything you can to present a competitive offer. The good news is that new listings are coming to the market each day.

If you are selling a home that you paid cash for, you can look forward to a high sale price and maximum equity!

There are multiple offers on some properties, while others receive just one, and some will even have a price reduction if the initial price was too ambitious. Homes on average were still selling above the asking price in July. Some are selling for full price, some above, and some are selling below. It depends on the demand for the individual property.

Bottom line: Now is a still a great time to sell! Buyer demand remains high. Inventory is still low. As a buyer in this market, you can anticipate increased equity from price appreciation that is expected to continue. New listings continue to come to the market each day. Rates may also come down enabling you to refinance. Committing to the process will get you to your new home!

Reach out to me anytime with your questions about the market and to discuss your plans.

Not ready to think about your move yet? Please refer your friends to me using the form below. Referrals are a win-win!

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Thank you for your response. ✨

William Raveis Local Housing Data


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Real Estate News – What Sold in September 2022: Fairfield & Westport CT

September 2022 housing numbers are in! How does September compare to the prior month, is there a slow down, and WHAT SOLD?? Curious what your home is worth?

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?

In Fairfield, September unit sales were down by 25 from August. The ratio of sale price compared to the list price was down two percent since August. The median sale price was also down, but the median days on market was the same.

In Westport, unit sales were down by 14 from the prior month. Sale price-to-list-price ratios averaged two percent lower than in August. The market time was up by 4 days compared to August.

Comparing September vs August,

Both towns saw fewer sales and sale prices closer to the asking price in September compared to August. The median sale price was lower in Fairfield and higher in Westport in September vs August. Market time was unchanged in Fairfield and longer in Westport.

Comparing September 2022 vs 2021,

Comparing September year over year, unit sales were down in both towns this year. The median sale price is still up from 2021. Market time was down in Fairfield and a few days longer in Westport.

Quick scoop on market status

FAIRFIELD – September 2022 vs August

Single-Family Homes

Units Sold: DOWN, 55 (vs 80)

Median Sale Price: DOWN, $853,000 (vs $908,000)

Average Sale vs. Asking Price: DOWN, 101% (vs 103%)

Median Days on Market: SAME 32 (vs 32)

Fairfield 2022 vs 2021

Units Sold: DOWN 27% (55 vs 75)

Median Sale Price: UP 4% ($853,275 vs. $820,000)

Days on Market: DOWN 25% (30 vs. 40)

WESTPORT – September 2022 vs. August

Single Family

Units Sold: DOWN, 34 (vs 48)

Median Sale Price: UP, $2,002,500 (vs $1,949,500)

Average Sale vs. Asking Price: DOWN, 101% (vs. 102%)

Median Days on Market: UP, 39 (vs 35)

Westport 2021 vs 2022

Units Sold: DOWN 17% (35 vs 42)

Median Sale Price: UP 41% ($2,080,000 vs $1,475,000)

Days on Market: UP 12% (37 vs 33)

Wondering if now’s a good time to make a move?

Curious what your home is worth?

You may also be wondering if prices will be coming down and if you should make a move now. For monthly charts showing more market parameters in your towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


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Linda’s What Sold Report: August 2022, Fairfield & Westport CT

August 2022 housing numbers are in! How does August compare to the prior month, and WHAT SOLD??

Click image for Instagram Reel with Linda’s quick market update at the end of August!

Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.

So, what are the numbers, Linda?

In Fairfield, unit sales and market time were down a bit from July. The average sale-to-list price ratio was down two percent since July. In Westport, unit sales were up by four from the prior month. Sale prices averaged 102% of the list price which was four percent lower than it was in July. The market time was up by 15 days compared to July. Homes were selling closer to the asking price in August in both towns compared to July.

FAIRFIELD – August 2022 vs July

Single-Family Homes

Units Sold: 80 (vs. 89)

Median Sale Price: $908,000 (vs. $899,000)

Average Sale vs. Asking Price: 103% (vs. 105%)

Median Days to Contract: 32 (vs. 35)

WESTPORT – August 2022 vs. July

Single Family

Units Sold: 48 (vs. 44)

Median Sale Price: $1,949,500 (vs. $2,080,000)

Average Sale vs. Asking Price: 102% (vs. 106%)

Median Days to Contract: 35 (vs. 20)

Wondering if now’s a good time to make a move?

You may be wondering if prices will be coming down and if you should make a move now.

For monthly charts showing more market parameters in your towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.

If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.

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