November House Sales Look Okay but Condo Sales are Lagging

 

Nothing Surprising Here. Condo Sales Have Returned to the “New Normal” after a Frothy 2014

 

Inventory Levels are Up Across Fairfield County as Sellers Seek To Take The Profit and Retire Out- of-State

 

Note the Pending Sales are Relatively Strong at the High End in New Canaan

 

Days on Market is High in Every Category Which Reflects a Market in Which Neither Sellers Nor Buyers

 

A Mixed Bag Around the County: Stamford Volume Way Up at a Lower Price; Wilton Volume Way Down; Rowayton Prices Still Rising

 

One Month Does Not a Trend Make; Watch for the Spring Impact of Rising Inventory Levels and Rising Interest Rates