Single family homes in Fairfield County during the first 3 months of 2010 showed both unit sales improvements and an increase in the median selling price over the same time period in 2009.
There are currently 7,997 active single family homes on the Greater Fairfield County Consolidated Multiple Listing System. So far this year, there have been 1,396 single family closed sales. This represents a unit sales increase of 28% vs. the first three months of 2009. The median selling price of single family homes on the Consolidated Multiple Listing System this year was $373,500 which is an over-all increase of 12% vs. those that sold during the first three months of 2009.
There are currently 739 active single family homes on the market over $2MM and 377 of those are over $3MM. In the first three months of 2010 there were 47 closed sales over $2MM versus only 34 closed sales over $2MM during the same time frame last year. That is a 38% increase in sales in that price range.
There are 1,187 single family homes with fully executed contracts waiting to close. The median list price of those homes is $399,000. There are 806 properties with accepted offers. The median list price of those with accepted offers is $424,000. This means that the list price of the most recent properties to get accepted offers is continuing to increase. If this price continues to track up, it would appear as though the median selling price is stabilizing and will be either flat or slightly higher during the second quarter of 2010 vs. the median selling price during 2009.
Contact me for market statistics specific to your town and neighborhood as they may vary greatly from town to town and even neighborhood to neighborhood.
