Expert Advise July 13, 2024

June Real Estate Market Update

Fairfield and New Haven Counties June Real Estate Market Update – Stay Informed

The market remains robust with many homes receiving multiple offers and selling over the list price.

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

Buyers’ Demand: The buyers demand was high in both Fairfield and New Haven Counties with an average of almost 4% over ask for closed homes.

Market Activity in Fairfield County: SF homes sold for over 8% more than last year and condos over 23% more.

Market Activity in New Haven County: SF homes sold for 15% more than last year and condos over 13% more.

Market Conditions: Overall, both counties experienced competitive real estate markets with rising prices, quick sales, and low inventory levels indicating strong buyer demand and limited housing supply.

Selling or Buying: I’ve helped 100’s of people achieve their real estate goals. Specializing in helping sellers, buyers, seniors, 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 housing situation or market area. It’s best to consult with a Professional Real Estate Agent.

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

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Source: SmartMLS