Fairfield County Real Estate Market Improved Over 2018
So ends another year in real estate—a happy one for home sellers across Connecticut. In Fairfield County, for instance, third-quarter indicators were very merry indeed with the median sales price rising a few percentage points, to $425,000. The time-on-market tally dropped to 82 days from 119 days, as did the discount that sellers had to offer on their asking prices (down to 4.3 percent).
Luxury markets performed even better, with the number of Greenwich sales increasing more than 25 percent, even while the median listing price edged up—to $1.8 million in our state’s most affluent city. The days-on-market here reduced to 130 days from 151 days, so homes are finally starting to move faster. Hopefully in 2019, Connecticut's housing market will continue this upward trend.
To read about the lovely Greenwich listing above, click here.