Q3 sales approach record levels in Fairfield County

Home inventory tightened and sales improved to near record levels in Fairfield County in the third quarter, according to data prepared by real estate appraisal firm Miller Samuel for Douglas Elliman. Sales in Fairfield County hit the second-highest level in 11 years and inventory sunk to the lowest level in a third quarter in 12 years. The number of sales edged up 1.2 percent to 3,361. In Greenwich, median sales prices were up 4.3 percent for single-family homes to $1.795 million but down 3.2 percent for condos to $730,750. The number of sales of single-family homes in Greenwich fell 23.7 percent to 145 and the number of condo sales in that area increased 34.9 percent to 58. [Douglas Elliman]