Fairfield CT Weekly Real Estate Market Statistics 2/8/11

FAIRFIELD CT HOMES: There are currently 334 homes on the market for an average of 1,198,817  that have been on the market 152 days. That equals an inventory drop of approximately 2% from last week.  There were 8 new listings and 1 home came back on the market after being under deposit.  5 Properties had a price change. In the last week,  9 properties have gone under deposit, which is what we call CTS. This means that the property just took a binder, but all the contingencies have not yet been met. 6 properties went into Pending status, which generally means that the all conditions have been satisfied, and the property is just waiting to close. The 12 properties that closed in the last week had an average price of 707,658 and were on the market an average of 109 days. There were 61 status changes in the last week.

FAIRFIELD CT CONDOS: There are currently 73 condominiums on the market listed at an average price  of 466,714 and they have been on the market  an average of 145 days. Therewere 2 new listings . 3 Properties had a price change. In the last week,  1 property went into CTS status,  and 1 property went into pending status. The 4 properties  that closed in the last week had an average price of 637,601 and were on the market on average of 153 days. There were 14 status changes for the week.

There are currently 92 rental opportunities available in Fairfield CT.