July Real Estate Market Trends

July Real Estate Market Trends for Both Fairfield and New Haven Counties– Stay Informed

The market continues to be strong, with many homes attracting multiple offers and selling above the asking price.

On the Supply Side: We had an increase in inventory of new homes for sale in both Fairfield County
and New Haven County.

Buyers’ Demand: The buyers demand was high for the July real estate market trends in both Fairfield and New Haven Counties with an average of almost 3.5% over ask for closed homes.

Activity for the Market in Fairfield County: Single family sold for over 7% more than last year and condos over 9% more.

Market Activity in New Haven County: Sales for single family homes was 15% more than last year and condos over 8.9% more.

Conditions: Overall, July real estate trends for both counties saw competitive real estate markets characterized by rising prices, fast sales, and low inventory, reflecting strong buyer demand and a limited housing supply.

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Selling or Buying: I’ve assisted 100’s of people achieve their real estate goals. Specializing in sellers, buyers, seniors, relocation, landlords and up or down sizers. Recognize that the real estate market is constantly changing. It’s essential to stay informed through reliable sources.

Contact LeeAnn Today (203) 253-4567: Ask for a NO obligation, COMPLIMENTARY consultation regarding your market area and housing situation. Remember, it is always best to consult with a Professional Real Estate Agent.

Prepared By,
LeeAnn DeLeo, Real Estate Professional
(203) 253-4567
leeann.deleo@gmail.com

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Source: SmartMLS