Market Conditions – Fannie Mae 1004MC Statistics – Stamford, Norwalk & Fairfield

Please note housing supply of 6 months or more indicates a buyers market.
Stamford
Inventory Analysis Prior 7-12 Months (10/10/2013-04/12/2014) Prior 4-6 Months (04/13/2014-07/11/2014) Current – 3 Months (07/12/2014-10/10/2014)
Total # of Comparable Sales (Settled) 251 178 189
Absorption Rate (Total Sales/Months) 41.83 59.33 63.00
Total # of Comparable Active Listings 406 521 579
Months of Housing Supply (Lst/Ab. Rate) 9.71 8.78 9.19
Median Sale & List Price DOM Prior 7-12 Months Prior 4-6 Months Current – 3 Months
Median Comparable Sale Price $610,000 $619,000 $629,000
Median Comparable Sales DOM 88 67 66
Median Comparable List Price (Listings Only) $733,750 $700,000 $695,000
Median Comparable Listings DOM (Listings Only) 165 134 89
Median Sale Price / Median List Price % 97.60% 97.63% 96.92%
Norwalk
Inventory Analysis Prior 7-12 Months (10/10/2013-04/12/2014) Prior 4-6 Months (04/13/2014-07/11/2014) Current – 3 Months (07/12/2014-10/10/2014)
Total # of Comparable Sales (Settled) 237 179 169
Absorption Rate (Total Sales/Months) 39.50 59.67 56.33
Total # of Comparable Active Listings 346 413 432
Months of Housing Supply (Lst/Ab. Rate) 8.76 6.92 7.67
Median Sale & List Price DOM Prior 7-12 Months Prior 4-6 Months Current – 3 Months
Median Comparable Sale Price $404,000 $435,000 $450,000
Median Comparable Sales DOM 95 67 77
Median Comparable List Price (Listings Only) $529,500 $549,000 $567,050
Median Comparable Listings DOM (Listings Only) 168 134 89
Median Sale Price / Median List Price % 97.35% 96.67% 96.77%
Fairfield
Inventory Analysis Prior 7-12 Months (10/10/2013-04/12/2014) Prior 4-6 Months (04/13/2014-07/11/2014) Current – 3 Months (07/12/2014-10/10/2014)
Total # of Comparable Sales (Settled) 262 220 192
Absorption Rate (Total Sales/Months) 43.67 73.33 64.00
Total # of Comparable Active Listings 499 581 597
Months of Housing Supply (Lst/Ab. Rate) 11.43 7.92 9.33
Median Sale & List Price DOM Prior 7-12 Months Prior 4-6 Months Current – 3 Months
Median Comparable Sale Price $558,500 $592,000 $589,500
Median Comparable Sales DOM 78 65 75
Median Comparable List Price (Listings Only) $759,000 $749,000 $729,000
Median Comparable Listings DOM (Listings Only) 173 137 90

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