Leave a Message

Thank you for your message. We will be in touch with you shortly.

JUNE MARKET REPORT

JUNE MARKET REPORT

  • The Riverside Realty Group
  • 07/11/25

Fairfield County Market Update: June 2025

Westport • Weston • Wilton • Fairfield
All data pulled from SmartMLS on July 6, 2025

As we cross into the second half of the year, June’s numbers reveal a market that remains active—but also shows signs of shifting momentum. Inventory is gradually increasing in some towns, while buyer behavior is adjusting in response to pricing and interest rates. Here's your town-by-town snapshot:


Westport

  • Closed sales surged 33.3% compared to June 2024, but pending sales are down 6.7% year-to-date.

  • Median sale price in June dipped 13.5% YOY to just over $2M, yet the year-to-date median is still up 7.3%—demonstrating solid long-term demand.

  • Inventory is up 30.6%, and buyers are still paying 105.4% of list price, on average.

Weston

  • A balanced picture: Pending sales rose sharply (+69.2%) while closed sales remained flat.

  • Median sale price jumped to $1.6M in June—a notable 18.5% increase year-over-year.

  • Homes are selling faster (24 days on market) and inventory remains tight.

Wilton

  • Median sale price climbed 12% to $1.34M in June.

  • Pending sales rose 30.4%, while closed sales dipped 19.4%, likely due to timing between contract and close.

  • Inventory is up 16%, and sellers are achieving 108.4% of list price, indicating strong buyer competition.

Fairfield

  • Strong pricing trends continue: Median price rose 12% in June, with an impressive 19.9% increase in average sale price.

  • Activity held steady: Closed sales increased 3%, while pending sales slightly declined.

  • Despite tight inventory, Fairfield saw consistent results with most sellers getting at or above asking.


 This Month’s Insight:

What Is “Luxury Compression”—And Are We Seeing It Here?

This month in Westport, the median price for single-family homes fell 13.5% YOY, which might seem alarming—but here's what’s really happening:

Luxury Compression refers to the trend where fewer ultra-high-end homes (say, $4M+) are closing, while homes in the lower-luxury tier (around $1.8M–$2.5M) dominate sales activity. This compresses the range of luxury pricing toward the mid-upper segment, thereby pulling the median price down even though demand is still strong.

In other words, the luxury market isn’t slowing—it’s shifting. Buyers are becoming more price-conscious, and sellers in the $2M–$3M range are seeing strong results if they price strategically.


Featured Property: 115 Harvest Commons, Westport

Listed by LV Homes – Judi Lake & Liz Videler, The Riverside Realty Group
Offered at $1,100,000 | Open House Sunday, July 13 from 1–3 PM

Experience effortless one-level living in one of Westport’s most desirable communities—Harvest Commons. This light-filled corner unit offers the ultimate in privacy, convenience, and comfort:

  • 2 Bedrooms | 2.5 Baths | 1,662 sq ft

  • No stairs, private two-car attached garage, and two landscaped courtyards

  • Updated kitchen with white cabinetry, new stainless appliances, and quartz counters

  • Soaring ceilings, hardwood floors, gas log fireplace, and oversized windows

  • Expansive primary suite with vaulted ceilings, two walk-in closets, and a fully renovated bath

  • Versatile second bedroom with built-ins—ideal for guests, office, or den

  • Finished lower level includes a powder room and storage space

  • Natural gas heating, central air, and backup generator

  • Community amenities include a heated pool and two Har-Tru tennis courts

All this in the Long Lots neighborhood, just minutes to schools, shopping, and commuter routes. With low-maintenance living and resort-style amenities, this home is a rare find in today’s market.

➡️ For more info or to schedule a private showing, contact Judi Lake or Liz Videler at

 

What It Means for You

Whether you are buying or selling, understanding where the activity is concentrated gives you an edge. Strategic pricing and preparation are more important than ever, especially as inventory rises in Westport and Wilton. Meanwhile, Weston and Fairfield continue to see quick movement in homes that are priced right.

Want insights specific to your home or neighborhood? We would love to help.

 

Work With Us