A short Little Fairfield County Housing & Real Estate Market Report - November, 2014

Fairfield's market has continued its seasonal slowdown, maye moreso than other towns in comparison, but it is still fairly active in varying price pockets.

There are currently 482 homes that are actively on the market, and the median list price in Fairfield is now at $764,500. Current inventory has been available an average of 125 days, with  an *average cumulative market time of 198 days. Single family homes are listed at an average price of $1,369,212. The highest priced home for sale in town is listed at $62,000,000 and the lowest priced available single family home is $161,000.

Twenty-three new listings came on the market in the past seven days, and six homes came back on the market after being under deposit. There were 26 properties that had a price change. Eight properties have gone under the initial deposit stage, which we call CTS, and nine properties went into Pending status, which means that the conditions have been satisfied, and the property is scheduled to close. They were listed on average at $506,989.