February Market Update

Get ready for a competitive home shopping season in Fairfield and New Haven Counties!

On The Supply Side:  There was a 13.2% increase in new SF homes and condo listings compared to February 2023.  Expect a rise in demand for real estate!

Despite Affordability Challenges:  Demographic trends and a strong economy will be the driving factor of home searches among both millennials and baby boomers.

Fairfield County: The dollar volume was just over $307M for closed SF homes. The average sales price (ASP) increased 23% from February 2023. Condo closings reflected just over $60M in dollar volume. The ASP increased 38.7% compared to February 2023.

New Haven County: The dollar volume was just over $130M for closed SF homes. The ASP increased 12.6% from February 2023. Condo closings recorded just over $33M in dollar volume. The ASP increased 21.8% compared to February 2023.