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Elliman Report: Fairfield County Sales 4Q 2016

The Fairfield County housing market continued to show heavy sales volume with falling inventory along with weaker price trends. This trend continued to occur in entry-level to mid tier housing markets across the outlying New York City suburbs while luxury markets in those regions remain softest. There were 2,536 sales during the quarter, up 1.1% over the prior year and the most fourth quarter sales in 12 years. Listing inventory was overpowered by sales, falling 27.2% to 4,157 from the prior year to the lowest level of any quarter in more than 12 years…

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