Real Estate Market Report for Fairfield, CT – February 2017

 

The number of active listings (437 total) was down 22% from February 2016 (557) and up 5% from the previous month (416). The median listing price for the month was $849,500 (up from $799,900 in February 2016). Compared to last year, the average number of days that units spent on the market before being sold was down 32% (from 144 to 98). The median sale price was $469,000, down from the median sale price of $650,000 the previous month and also down from the median sale price of $522,000 in February 2016. Year over year, the number of units sold increased 10% (31 in February 2016 and 31 in February 2017). The number of units sold decreased 17% from the previous month ( units were sold in January).