Sales of homes across Fairfield County rose to their
highest fourth quarter total in a decade as listing
inventory continued to slide. There were 2,527
sales in the fourth quarter, up 11.7% from the same
period last year. Listing inventory moved in the
opposite direction, falling 11.1% to 5,714 from the
prior year quarter. As a result of rising demand and
falling supply, the pace of the market accelerated.
The absorption rate, the number of months to sell
all inventory at the current rate of sales, fell 20.2%
to 6.8 months over the same period…