Expert Advice July 6, 2025

June’s Real Estate Markets for Fairfield and New Haven Counties

June’s Real Estate Markets for Fairfield and New Haven Counties. Selling or buying staying informed about local market trends is essential! I am a reliable source you can depend on with experience as a homeowner, investor, landlord, builder, and mortgage loan officer. I provide insight and guidance throughout the home selling or buying process. I guarantee you a seamless transaction. Let’s work together to make your real estate journey smooth and successful. I’m ready when you are!

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Here’s a look at what’s happening with the economy and our local housing market. 

Our Economy

Inflation ticked up slightly in June, rising to 1.4% from 1.3% in May, ending a four-month cooling trend. Service-related inflation, especially in recreation and education, is expected to remain stable or higher edge. This may signal that margin pressure on businesses is easing, reducing the need to raise prices.

Federal Reserve Chair Jerome Powell suggested a potential interest rate cut at the upcoming meeting, which would be the first since December 2024. While the Fed remains politically independent, President Trump has publicly pushed for lower rates to inject what he calls “TRILLIONS” into the economy.

The next Federal Reserve meeting is July 29-30.

Labor market strengthened, the unemployment rate fell to 4.1% in June, and more jobs were created than expected. Job openings jumped to their highest level since November, signaling a steady job market despite uncertainty.

Mortgage purchase applications increased by just 0.1% for the last week of June but were 16% higher than the same week one year ago.

One Big Beautiful Bill Act was signed into law on July 4, 2025, what comes next?

Inventory & Demand

New listings rose again on an annual basis, up over 6% in Fairfield County and just under 3% in New Haven County compared to the same time last year.

The list-to-selling price ratio remains strong for Fairfield County with homes closing on an average of 3.5% over ask.

The uptick in new listings for both Fairfield and New Haven Counties is a welcome sign for buyers, who are hopeful of gaining some negotiating power moving into the summer months.

Buyers are out there! Although affordability challenges remain a key constraint, mortgage rates have now eased lower for five straight weeks, dropping to 6.67% as of 7/3, according to Freddie Mac.

Most buyers are motivated by more than just the dream of homeownership—they’re also responding to job changes, life events, and evolving space needs. With interest rates softening and inventory rising, many are seeing this summer as the right time to make a move.

Average Sales Price Still Rising

Thinking of Selling? Home values are still rising, attracting motivated buyers who might find your home perfect. With strong interest in the market, this is an ideal opportunity to sell your home.

Single-family home prices rose 10% in Fairfield County showing strong year-over-year growth. However, the number of homes sold declined again in June, and days on market remained steady at 29 days. Condo and townhouse prices also increased by over 3.5%. Sales volume rose nearly 6%, with the average days on the market unchanged at 29 days.

New Haven County  up nearly 3% for single family homes and closed sales increased by 8%, with days on market unchanged. Condo/townhouse prices rose just under 3%, but closed sales dropped by 8%. The average time to sell increased slightly compared to last year. If you are thinking of selling, now is the perfect time.

Both counties sit just 30 miles apart, connected by I-95 and offering a quick commute to both New York City and Hartford. From the coastal towns to countryside communities, these counties offer a wide range of lifestyles and price points.  Depending on your price point you may want to explore other areas.

Lower Fairfield County is known for its lively urban hubs, coastal charm, and easy NYC access. Homes here typically start around $700,000, with many exceeding over $1 million, reflecting the area’s high demand.

Much of New Haven and Upper Fairfield County offer more affordable options, with entry-level prices starting near $430,000—rising closer to the shore. These areas still provide convenient access to highways, rail, and city amenities.

For a more rural feel, Southwestern New Haven County offers homes around $380,000, ideal for buyers seeking a quieter, small-town lifestyle.

Don’t LOVE Where You Live?

If you don’t love where you live? Let’s Talk! Consult a Professional REALTOR® like me. I specialize in helping sellers, buyers, seniors, relocation, landlords and up or down sizers.

Selling or Buying – Contact LeeAnn Today (203) 253-4567

Request a complimentary NO obligation consultation. Consider recommending a friend or family member. I’ve assisted 100’s of sellers and buyers achieve their real estate goals. I can help you too! I am committed to treating you as part of the family.

Raise your standards! Your real estate goal is a journey filled with significant financial decisions and personal choices. It’s essential to partner with an experienced REALTOR® like me.

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, MSN, MBA – The information provided herein is for informational purposes only.
All real estate, economic data, market trends and projections are subject to change.