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Fairfield County Market Data by Town – March, 2018

WESTPORT

Property Sales
March Property sales were 35, up 25.0% from 28 in March of 2017 and 52.2% higher than the 23 sales last month. March 2018 sales were at their highest level compared to March of 2017 and 2016. March YTD sales of 89 are running 18.7% ahead of last year’s year-to-date sales of 75.

Prices
The Median Sales Price in March was $1,349,000, up 1.0% from $1,335,000 in March of 2017 and down -3.6% from $1,400,000 last month. The Average Sales Price in March was $1,534,814, up 11.1% from $1,381,349 in March of 2017 and up 8.1% from $1,420,241 last month. March 2018 ASP was at highest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 340, up 14.1% from 298 last month and down -24.3% from 449 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 9.7 months was at its lowest level compared with March of 2017 and 2016.

WESTON

Property Sales
March Property sales were 9, equal to 9 in March of 2017 and 125.0% higher than the 4 sales last month. March 2018 sales were at their lowest level compared to March of 2017 and 2016. March YTD sales of 23 are running -4.2% behind last year’s year-to-date sales of 24.

Prices
The Median Sales Price in March was $535,000, down -32.7% from $795,500 in March of 2017 and down -26.1% from $724,250 last month. The Average Sales Price in March was $734,433, down -19.9% from $916,611 in March of 2017 and up 0.7% from $729,125 last month. March 2018 ASP was at the lowest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 144, up 20.0% from 120 last month and down -22.2% from 185 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 16.0 months was at a mid range compared with March of 2017 and 2016.

FAIRFIELD

Property Sales
March Property sales were 52, down -18.8% from 64 in March of 2017 and 15.6% higher than the 45 sales last month. March 2018 sales were at their lowest
level compared to March of 2017 and 2016. March YTD sales of 150 are running -8.0% behind last year’s year-to-date sales of 163.

Prices
The Median Sales Price in March was $508,900, down -14.5% from $595,000 in March of 2017 and down -21.1% from $645,000 last month. The Average Sales Price in March was $666,022, down -18.9% from $821,337 in March of 2017 and down -14.3% from $777,592 last month. March 2018 ASP was at the lowest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 511, up 26.2% from 405 last month and down -25.1% from 682 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 9.8 months was at its lowest level compared with March of 2017 and 2016.

WILTON

Property Sales
March Property sales were 14, down -30.0% from 20 in March of 2017 and 27.3% higher than the 11 sales last month. March 2018 sales were at their lowest level compared to March of 2017 and 2016. March YTD sales of 38 are running -17.4% behind last year’s year-to-date sales of 46.

Prices
The Median Sales Price in March was $570,000, down -12.6% from $652,500 in March of 2017 and down -32.5% from $845,000 last month. The Average Sales Price in March was $582,357, down -18.2% from $712,133 in March of 2017 and down -41.8% from $1,000,727 last month. March 2018 ASP was at the lowest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 185, up 25.0% from 148 last month and down -26.3% from 251 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 13.2 months was at a mid range compared with March of 2017 and 2016.

NORWALK

Property Sales
March Property sales were 64, down -13.5% from 74 in March of 2017 and 42.2% higher than the 45 sales last month. March 2018 sales were at a mid level compared to March of 2017 and 2016. March YTD sales of 178 are running -12.7% behind last year’s year-to-date sales of 204.

Prices
The Median Sales Price in March was $338,300, down -2.6% from $347,500 in March of 2017 and down -18.7% from $416,000 last month. The Average Sales Price in March was $398,668, down -13.6% from $461,523 in March of 2017 and down -27.9% from $553,173 last month. March 2018 ASP was at the lowest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 429, up 28.8% from 333 last month and down -18.1% from 524 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 6.7 months was at its lowest level compared with March of 2017 and 2016.

EASTON

Property Sales
March Property sales were 8, up 60.0% from 5 in March of 2017 and 100.0% higher than the 4 sales last month. March 2018 sales were at a mid level compared to March of 2017 and 2016. March YTD sales of 22 are running 46.7% ahead of last year’s year-to-date sales of 15.

Prices
The Median Sales Price in March was $638,750, down -4.3% from $667,500 in March of 2017 and up 25.6% from $508,450 last month. The Average Sales Price in March was $631,225, down -6.5% from $674,840 in March of 2017 and up 20.5% from $523,975 last month. March 2018 ASP was at the lowest level compared to March of 2017 and 2016.

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 103, up 21.2% from 85 last month and down -24.8% from 137 in March of last year. March 2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 12.9 months was at a mid range compared with March of 2017 and 2016.

REDDING

Property Sales
March Property sales were 9, up 12.5% from 8 in March of 2017 and 28.6% higher than the 7 sales last month. March 2018 sales were at a mid level compared to March of 2017 and 2016. March YTD sales of 21 are running -25.0% behind last year’s year-to-date sales of 28.

Prices
The Median Sales Price in March was $572,000, up 37.8% from $415,000 in March of 2017 and up 20.4% from $475,000 last month. The Average Sales Price in March was $585,222, up 35.6% from $431,625 in March of 2017 and up 4.5% from $560,179 last month. March 2018 ASP was at a mid range compared to March of 2017 and 2016

Inventory & MSI
The Total Inventory of Properties available for sale as of March was 94, up 14.6% from 82 last month and down -27.7% from 130 in March of last year. March
2018 Inventory was at the lowest level compared to March of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2018 MSI of 10.4 months was at its lowest level compared with March of 2017 and 2016.