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Elliman Report: Fairfield County Sales 3Q 2020

With the release of pent-up demand from the restrained activity in the previous quarter due to the pandemic and higher outbound migration from New York City, the third quarter was best characterized by new price records, a jump in sales activity, and inadequate listing inventory. All three price trend indicators reached record levels over the sixteen-year duration of recording them. Median sales price surged by 25.6%, a sixyear high, to $525,000, the highest level reached…

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Housing Notes by Jonathan Miller

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