Fairfield County sales prices finally head up, but still have a ways to go! - Reid Real Estate Group

Fairfield County sales prices finally head up, but still have a ways to go!

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The Fairfield County, CT real estate market, just like the rest of the state has been very slow to recover since crashing about a decade ago. The last few years of increasing buyer demand, coupled with decreasing home inventory have led to homes selling faster and prices finally moving upward statewide.

Despite still resting 15% below peak sales prices seen in 2007, The median sales prices of Fairfield County residences have risen for two years consecutively, with a current 2018 median of $470,000:

fairfield county sale prices graph

This is certainly very promising for Fairfield County home owners who have been waiting patiently for values to start moving up again. However, for many of those who bought or refinanced their homes during the peak of the market are still struggling with negative equity. There are options for those who need to sell but lack the equity to get out of the loan​. 

​We service all Fairfield County towns: Bethel, Bridgeport, Brookfield, Danbury, Darien, Easton, Fairfield, Greenwich, Monroe, New Canaan, New Fairfield, Newtown, Norwalk, Shelton, Sherman, Stamford, Stratford, Redding, Ridgefield, Trumbull, Weston, Westport, and Wilton.

Minna Reid

Minna Reid is Broker/Owner of Reid Real Estate Group. Reid Real Estate Group is a full service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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