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    Fairfield Market Report 10.11

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    Tracie Rigione
    The real estate market in Fairfield, CT saw declines in October 2011 compared to the previous year. Property sales were down 19.5% from October 2010. The median sales price declined 13.7% and the average sales price fell 6.3% over the same period. Inventory levels rose slightly compared to the prior year, contributing to the highest months supply of inventory in October in the past three years. Overall, the data indicates a shift towards a buyers' market compared to October 2010.

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    Fairfield Market Report 10.11

    Uploaded by

    Tracie Rigione
    37 views3 pages
    The real estate market in Fairfield, CT saw declines in October 2011 compared to the previous year. Property sales were down 19.5% from October 2010. The median sales price declined 13.7% and the average sales price fell 6.3% over the same period. Inventory levels rose slightly compared to the prior year, contributing to the highest months supply of inventory in October in the past three years. Overall, the data indicates a shift towards a buyers' market compared to October 2010.

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    Fairfield CT Real Estate Trends

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    The real estate market in Fairfield, CT saw declines in October 2011 compared to the previous year. Property sales were down 19.5% from October 2010. The median sales price declined 13.7% and the average sales price fell 6.3% over the same period. Inventory levels rose slightly compared to the prior year, contributing to the highest months supply of inventory in October in the past three years. Overall, the data indicates a shift towards a buyers' market compared to October 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views3 pages

    Fairfield Market Report 10.11

    Uploaded by

    Tracie Rigione
    The real estate market in Fairfield, CT saw declines in October 2011 compared to the previous year. Property sales were down 19.5% from October 2010. The median sales price declined 13.7% and the average sales price fell 6.3% over the same period. Inventory levels rose slightly compared to the prior year, contributing to the highest months supply of inventory in October in the past three years. Overall, the data indicates a shift towards a buyers' market compared to October 2010.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 3

    MARKET ACTION REPORT

    The Sound Partners

    October 2011
    Realtors 203-292-5173 [email protected] Make a Sound decision based on facts not hype

    City: Fairfield
    Price Range: ALL | Properties: Single Family Home

    Trending Versus*:

    Trending Versus*:

    Market Profile & Trends Overview


    Median List Price of all Current Listings Average List Price of all Current Listings October Median Sales Price October Average Sales Price Total Properties Currently for Sale (Inventory) October Number of Properties Sold October Average Days on Market (Solds) October Month's Supply of Inventory October Sale Price vs List Price Ratio

    Month

    LM

    L3M PYM

    LY

    YTD
    $555,000 $703,684 465 106 11.2 94.4%

    PriorYTD
    6% 3% -11% 9% 3% 0.3%

    PriorYear
    7% 3% 8% 4% 0.4%

    $649,950 0% 4% $1,180,956 -2% 5% $442,500 -27% -20% -14% -15% $617,103 -24% -13% -6% -10% 498 -1% 1% 33 -27% -20% 107 15% 12% -5% 9% 15.1 35% 27% 25% 41% 93.9% -1.5% 0% -2% -0.1%

    * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

    Property Sales
    October Property sales were 33, down -19.5% from 41 in October of 2010 and -26.7% lower than the 45 sales last month. October 2011 sales were at their lowest level compared to October of 2010 and 2009. October YTD sales of 465 are running -11.1% behind last year's year-to-date sales of 523.

    Prices
    The Median Sales Price in October was $442,500, down -13.7% from $512,500 in October of 2010 and down -26.9% from $605,000 last month. The Average Sales Price in October was $617,103, down -6.3% from $658,559 in October of 2010 and down -24.4% from $816,052 last month. October 2011 ASP was at a mid range compared to October of 2010 and 2009.

    Based on information from Greater Fairfield County CMLS, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

    MARKET ACTION REPORT


    The Sound Partners

    October 2011
    Realtors 203-292-5173 [email protected] Make a Sound decision based on facts not hype

    City: Fairfield
    Price Range: ALL | Properties: Single Family Home

    Inventory & MSI


    The Total Inventory of Properties available for sale as of October was 498, down -0.8% from 502 last month and up 0.6% from 495 in October of last year. October 2011 Inventory was at a mid range compared to October of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 15.1 months was at its highest level compared with October of 2010 and 2009.

    Market Time
    The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 107, up 15.1% from 93 days last month and down -4.5% from 112 days in October of last year. The October 2011 DOM was at a mid range compared with October of 2010 and 2009.

    Selling Price vs Original Listing Price


    The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The October 2011 Selling Price vs Original List Price of 93.9% was down from 95.3% last month and down from 95.3% in October of last year.

    Based on information from Greater Fairfield County CMLS, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

    MARKET ACTION REPORT


    The Sound Partners

    October 2011
    Realtors 203-292-5173 [email protected] Make a Sound decision based on facts not hype

    City: Fairfield
    Price Range: ALL | Properties: Single Family Home

    Inventory / New Listings / Sales


    'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2011 was 101, up 5.2% from 96 last month and up 2.0% from 99 in October of last year.

    Based on information from Greater Fairfield County CMLS, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

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