What's the Average Sales Price of a Single Family Home in Fairfield County, CT from 2006 vs 2005?

Answer 1

Average sale price for single family home in Fairfield County this year 2006 is $860,956. Last year it was $829,437. Despite an increase in Average sale price--fewer homes are selling. Last year there were 8,507 single family sales and this year only 6,767 have sold. With such little time left until the end of the year, I am certain that # of sales will be down and with longer days on market. Days on market is slightly longer--106 days this year as opposed to 97 days last year. Fairfield County is a large county and average sale price, days on market, and # of sales vary town to town. If you would like more specific information by Town or property size, feel free to call or e-mail.

Answer 2

I just checked out some staewide statistics that I have on hand.....The average median price of a home for 2006 vs this time 2005 is up 2.84% now and that was for the data ending 09/2006......Which means these are houses that went to contract sometime in July. Since then I have seen major price reductions in homes as the market has become saturated with people trying to make money before the market declines any further so I would suspect that the market the percentage difference between 2006 and 2005 would be roughly 10% or so based on nationwide numbers. I wouold suggest that you contact a local Realtor and they should be able to tell you the trends that they are seeing in Fairfield county.

Answer 3

You might need to do some homework to find out. Go online and search real estate sites in the Fairfield County area -- grab 20-30 listings, note the price of each, and then compute the average price (= sum of all prices / number of listings). That number may be close to the value you're looking for.