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Elliman Report: Fairfield County Sales 2Q 2019

After five quarters of year over year price declines, related mainly to the January 2018 implementation of the new federal tax law referred to in the housing market as the “SALT” tax, sales edged higher. There were 3,099 sales in the second quarter, up 0.4% from the same period last year. Listing inventory declined 0.8% to 5,806 over the same period. The combination of rising sales and falling inventory pushed the…

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