Linda Raymond Real Estate Blog, Fairfield, Westport & More

Fairfield & Westport living- homes, fun stuff & more!

Westport & Fairfield CT Housing Market Conditions- Plus Some Beachfront Competition

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Welcome to my new blog!  Please come and visit for posts about real estate and happenings from around town and beyond.

I’ll share  updates on Westport and Fairfield Connecticut housing market conditions , snippets about my services and briefs about a day in the life of an area resident!

First off- please enjoy the pic’ of a swimmer’s demise at the teeth of a Land Shark!  This was one of the sand sculptures in last weekend’s beachfront competition at Penfield Beach titled, “Beach Bum”.    It appears that the Land Shark was the happy winner in this competition.

A look at the local Westport and Fairfield Connecticut housing markets shows some factors in favor of buyers and others in favor of sellers.  The amount of supply is one element of importance.  There has been reduced inventory of single family homes for sale in both towns this year so far.  The number of homes for sale was down to six months worth of supply in Fairfield and nine months in Westport at the end of July. This is good for sellers, because there’s less competition but not so great for buyers, because there is less to choose from.

Market time is another factor to be considered, and the days on market have been increasing lately in both towns.  In Westport, the median market time was 142 in July compared to 117 last year. 

In Fairfield, median days were up to 113 from 99 the year prior.  
The longer a home sits on the market, the less leverage the seller has, giving a stronger position to the buyer.

One parameter in the mix that works in favor of both buyers and sellers is the low interest rate environment.   Now, the sellers’ properties are affordable to a larger buyer pool, and the buying power is improved for everyone who wants to get into the purchasing game.   All in favor of healthy Westport and Fairfield Connecticut housing market conditions raise your hand!

Author: LindaRaymond

William Raveis Real Estate 2525 Post Road, Southport CT 06890 Licensed in CT Home is a most important place and a most significant asset. One's home is his castle. This is why I love to join my clients in the chapter of their lives when it’s time for their next one. It's a critical business transaction and a complex process, but most important, it's an emotional, exciting and monumental time! I am honored to share this time with my clients, buffer the anxiety, guide the course and share the joy! With top area market share, a global network in my pocket and the best cutting-edge resources available, I go above and beyond for my clients to get them where they want to go. Royal service when it's time for your next castle! This blog is updated periodically as indicated by post dates.

One thought on “Westport & Fairfield CT Housing Market Conditions- Plus Some Beachfront Competition

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