Tuesday, February 23, 2010

Sales have remained relatively even for 2009. Higher than usual activity in the higher end ($1 million) during the 4th quarter may be a signal of things to come in 2010. The average listing prices of homes currently under contract is signficantly above 2009 yearly averages in all towns except for Wilton.

Mortgage rates remain at historic lows and the conventional loan limit of $708,500 has been extended to 2010 for the time being. Demand should be high for homes listed at $1,200,000 and below.

Pricing has been particularly attractive to buyers for homes listed below $900,000 in Weston & Wilton. 123 of the 210 sales in 2009 in those towns fell into this range. Activity under $900,000 in Westport and Fairfield has also had the effect of lowering the average sales prices and the median prices.

Listing inventory throughout Fairfield County has decreased markedly from the highs seen in 2007, and this had been true in Mid-Fairfield as well.

My new association with the Riverside Realty Group was based upon the company's unique team approach and innovative marketing techniques. In a matter of just over 2 years, the Riverside Realty Group has gained the preeminent leadership position and the highest per agent production of any real estate agency in the area.

For additional Market Trend statistics please feel free to visit my website at www.RobMakesItSold.com. For a FREE price opinion on the value of your home, please call me at 203-952-6117.

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1 Comments:

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