January’s Real Estate Market

January’s real estate market update, Stay Informed! Updates for both Fairfield and New Haven Counties.

Whether you’re selling or buying a home, staying informed is essential. Working with a skilled REALTOR® like me—who brings experience as a homeowner, investor, landlord, builder, and mortgage loan officer—ensures a smooth and successful process. Raise your standards, real estate is a journey filled with important emotional and financial decisions. Having a deep understanding of the economy and local market will make all the difference in achieving your goals.

Our Economy

The Fed’s left its policy rate unchanged in January and sent a clear signal that it will keep rates unchanged until data dictates otherwise.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the long run.
The next Fed meeting is March 18-19, and it is associated with Summary of Economic Projections.
Consumer confidence unexpectedly dipped to a 4-month low in January. Optimism fell due to the future labor market and economic outlook.
Treasury Secretary Bessent said the Trump administration will focus on driving the 10-year Treasury yield lower, which may help mortgage rates.

Inventory

Fairfield and New Haven Counties showed very little increase in inventory in January for Single Family homes.
With the shortage of inventory still very low, now would be the time to sell your home if you are considering a move.
Inventory levels are low, and many homeowners were reluctant to sell due to low mortgage rates from before the pandemic.

Buyers’ Demand

The demand showed a minimal increase from this time last year.
Home prices are still rising minimally.
Some buyers will face challenges with affordability.

Average Sales Price

Average sales prices in Fairfield County. Single Family homes rose a modest 2.4% whereas condo’s average sale prices were up over 24% compared to this time last year.
Fairfield County offers the best city living, coastal charm, and easy access to NYC—but that convenience and lifestyle will come with a price tag nearing $650,000’s or exceeding a million dollars.
Depending on your purchase budget, taking into consideration the rates may remain the same for a while you may want to consider home shopping in New Haven County.
Condo’s and Single-Family homes in New Haven County had a combined increase of the average sale price of over 6.5%.
New Haven County gives you more value for your money. Still giving you access to I-95, railways, city life and the costal charm.

Market Conditions

Housing market is characterized by high demand and low inventory.
Home prices were rising, but sales were slightly lower than in the previous year.
Sales transactions were above final asking prices.
Rising interest rates will make it more difficult for buyers to afford homes.

Your Neighborhood Market Trends

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Don’t LOVE Where You Live?

If you don’t love where you live? Let’s Talk!
I specialize in helping sellers, buyers, seniors, relocation, landlords and up or down sizers.
I’m not your average REALTOR®, I am a homeowner, investor, landlord, builder and have 7+ years’ experience as a mortgage loan officer, processor and jr. underwriter.

Selling or Buying

Whether you’re buying or selling a home staying informed is essential.
It’s essential to stay informed through reliable sources like me.
I’ve assisted 100’s of sellers and buyers achieve their real estate goals.
I can help you too!

Contact LeeAnn Today (203) 253-4567

Ask for a NO obligation, COMPLIMENTARY consultation regarding your housing goals.
I am happy to help you, friends and family members achieve your real estate goals
Remember, it is always best to consult with a Professional REALTOR® like me.
I appreciate referrals, I promise to treat them like family.

Compliments of LeeAnn DeLeo, A Trusted Name in Real Estate
Broker, Blogger, Stagent® & REALTOR®
(203) 253-4567
leeann.deleo@gmail.com
www.leeanndeleo.com

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Source: SmartMLS, Federal Reserve, US Economy – The information provided herein is for informational purposes only. All real estate, economic data, market trends and projections are subject to change.