The Real Deal New York

In Q3, Fairfield County homes were pricier and selling 30 percent faster than they had in 2017

October 24, 2018 02:44PM

While the median home prices ticked up only 3.7 percent year-over-year, the stock in Fairfield county is selling over 30 percent faster than it did in 2017, according to a Douglas Elliman report. While in the third quarter of 2017, listings sat on the market for an average of 119 days, this year they were on the market for an average of only 82 days. In Stamford, both homes and condos were listed for only about 70 days before selling, the report found. And the median home price increase to $425,000 marked the sixth time in the past seven consecutive quarters in which prices for Fairfield county homes increased. [Douglas Elliman]