Septembers Real Estate Market

Septembers real estate market trends, Stay Informed! Updates for both Fairfield and New Haven Counties.

Contemplating selling or buying?  Stay informed, know the real estate market trends for your neighborhood. If considering selling, NOW is the time to sell-Inventory at an all-time low!

Buyer demand is still high with New Haven County holding steady while Fairfield County has slightly declined. Many homes receive multiple offers and are still selling above the asking price, keeping our real estate market strong. 

The Federal Reserve lowered the target range for the federal funds rate by 1/2 percentage point.  Next Federal Reserve meeting is November 6-7. Stay Informed!

On the Supply Side: Thinking of selling NOW is the time. Once our inventory begins to increase the buyer’s demand will begin to decrease. We had a significant decrease in the inventory of new homes for sale in both Fairfield and New Haven Counties in September.

Buyers’ Demand: Want more than your ask price?  SELL now! Buyer’s demand is still high. However, Fairfield County saw a slight decline of 1.64% over ask price on closed homes and New Haven County is holding strong with 2.09% over ask.

Movement for the Market in Fairfield County: Want more bang for your buck? Can’t afford Fairfield County prices consider moving to New Haven County! Single family homes in Fairfield County are selling for over 5.5% more than last year and condos 4.5% more.

Market Activity in New Haven County: Are the home prices above your budget in Fairfield County?  Consider New Haven County! Sales for single family homes in New Haven County were 8.7% more than last year and condos skyrocketed to over 28% more.  Thinking of relocating? Let’s Talk!

Conditions: Know Septembers real estate market trends. Stay Informed! Overall conditions remain the same! 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.

Neighborhood News:
Register to receive the real estate markets inside scoop for the market area you love.

Don’t LOVE Where You Live?
I love where I live, and you should too. If you don’t love where you live, Let’s Talk!

Selling or Buying: I’ve assisted 100’s of sellers and buyers 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. Know septembers real estate market trends: Stay Informed! It’s essential to stay informed through reliable sources like myself.

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

www.leeanndeleo.com

Follow Me on Social Media
FB, IG, & LinkedIn @RealtorLeeAnnD

Source: SmartMLS