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Neighbor News

How's the Housing Jan Market in Fairfield & Westport, '21 vs '20?

So how did our single-family housing markets in Fairfield and Westport Connecticut do this January compared to January 2020?

Buyer facing challenging market
Buyer facing challenging market (Provided by Linda Raymond and Pixabay)

As you'd probably expect, it's been a chilly market for buyers! In a nutshell, sales and prices were UP, market time and inventory were DOWN. If you would like me to send you the link to the William Raveis Local Housing Data tool so you can run graphs like the ones below, just send me a note! Here are the specifics from William Raveis.

In FAIRFIELD
Single-Family Homes Sales Increased 77% from 35 to 62.
The Median Sale Price Increased 1.4% from $639,000 to $648,000.
Market Time Decreased 43% from 114 to 65 days.
Inventory Decreased 53% from 425 to 207 homes for sale.

...Please follow this link to continue reading and see the graphs on my blog.

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