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Expert Advise • April 29, 2024

1st QTR Fairfield and New Haven County Market Trends

by LeeAnn DeLeo
1st QTR Fairfield and New Haven County Market Trends: The Fairfield and New Haven Counties real estate market is on fire! Stay informed, follow me on FB @RealtorLeeAnnD.
Supply: Inventory of new homes for sale decreased by over 20% in Fairfield County and 22% in New Haven County.
Demand: Despite affordability challenges, buyers were eager to purchase in Fairfield County, with an average of 2.3% over asking price for closed homes. In New Haven County, demand was lower with an average decrease of 1%.
Market Activity: Homes sold for 7.9% more in Fairfield County and 9.9% more in New Haven County than they did a year ago.
Market Conditions: Both counties remain a Seller’s Market, with higher prices and faster selling times.
Selling or Buying: Whether you’re looking to sell or buy, staying informed about the local real estate market is crucial. So if you’re thinking about making a move, let’s chat!
Contact Me: I offer a NO obligation, COMPLIMENTARY consultation to discuss your housing situation. Contact me today, (203) 253-4567  or leeann.deleo@gmail.com
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