Mixed Results for 2012 First Quarter Housing Market in Fairfield County CT

The housing market in southwestern Connecticut can be quite different from one town to the next, and the real estate market in some towns is still quite volatile, while others are showing improvements.

There are  23 towns in Fairfield County, and only a handful of communities appear to be experiencing a market that shows improvement.

A few towns, such as Westport,  Darien, Newtown, Trumbull and Stratford showed increases in unit volume over last year and Trumbull came in as the number one town for increased volume.

Other towns experienced a decrease in unit volume and they are Norwalk, New Canaan, Redding, Weston and Shelton. The hardest hits were in Norwalk and New Canaan.
 
Trumbull and Newtown appear to be the only towns that showed an increase in unit volume and in sales price year over year.

While some towns showed no significant movement by price or volume as compared to the same time period in 2011, the disparity among the towns is too great to signal any type of widespread regional market comeback.

The towns to watch for additional improvement this year are Westport, Greenwich, Trumbull and Stratford. These towns have some of the best  markets year to date, and look promising for the year ahead.

Towns that are teetering with the market right now are Norwalk, New Canaan, Redding and Weston.

Average prices are not showing true gains thus far, and prices are most volatile in Easton, Monroe, New Canaan and Weston.

We will be posting detailed individual first quarter results for 2012 for each of the towns that we service in the next few days. We'll let you know when they are up on our site

We specialize in southwestern Connecticut and Fairfield County Home sales, and have done so for the past 28 years. We would be honored to assist you in buying or selling your home on any one of our lovely communities. We'll give you a true and accurate readiing of the market as it pertains to your home, or the one you want to buy, and all of our knowledge doesn't cost a penny more than working with another agent. You'll also get the benefit of our Strategic Marketing Plan that is tailored just for you and your  home. Contact us today