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       offering downloadable reports for each of 16 towns. click the town names below.

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Connecticut is seeing strength at the lower end of each market. As a result 6 of the 13 towns are seeing an increase in sales. But, when a town gets expensive buyers look at the surrounding towns. Only 2 of 13 towns saw an increase in median price.  SaLT changes mean a NYC exodus, particularly from Brooklyn and Westchester Counties. Buyers come armed with information about top schools, our tax rates and train station times. 6 of 13 towns saw absorption rates come down versus a year ago. We are seeing cross-county "trade-up" buyers taking advantage of the low interest rates to get a better or bigger home. Finally, condo sales are down in all 7 of the 8 towns that have a large condo market. Westport, Darien, Rowayton and Redding are exceptions as seniors head south.

Cos Cob in Greenwich - Awful, no-good, terrible year. 38 sales versus 62 a year ago. Prices down 17%. Inventory down 15%. Condo sales are up 25%. Cos Cob is the affordable Greenwich neighborhood. I found this median house at 58 Valleywood in Cos Cob for $1.4 million pays $11,654 taxes. The Cos Cob report is here. Absorption rate up from 9 to 10.4 mos.
 
Darien - A good quarter, up 10%, and the year up 9%. Inventory is down 8%. Darien is getting affordable when the median sale is now $1.25 million, down 12%. I found the "median" house on 73 Locust Hill paying $13,009 in taxes. Its a 60 min commute. The Darien report is here. Absorption rate fell from 11.7 months to 10 mos.

Easton - Having a good year. 97 sales down 6% but prices are up 2% and inventory is down 6%. Easton prices now average $565,000. This one on 36 Tranquility Drive pays $13,179 in taxes on 3 acres. Train commute from Fairfield. Schools are very good. Check out the Easton report here Absorption rate up 10% from 9 mos. to 9.9 mos.

Fairfield - A good year. 243 3rd quarter sales are up 6% and the year is up 4% to 643. Inventory down 1%. with 8 month absorption rate. Fairfield sales have increased 24% since 2012. Average price is down 10% this year to $711,905 and buys a 2-family near the beach paying $10,097 in taxes. Train commute is a hefty 85 minutes. Read the Fairfield report here. Absorption rate of homes in Fairfield barely moved: 8.1 to 8.0 mos.

Greenwich - Is confusing. Sales are down 11% and they have a 19.5 month supply of houses, up 26% this year but prices defy gravity, up 4% to $2.8mm. Houses priced under $2.5 million have a 12.5 month supply. The median house, 8 Wildwood Drive, is $1.95 million and pays $22,116 in taxes. The Greenwich report is here.
Absorption in Greenwich was 11.4 now 13.6 mos

New Canaan - A mixed year. (Mostly small house) sales are up 16% causing average prices to decline 16% to $1.38 million. Inventory is down 19% from a year ago and the condo market is way down 35%. The average house, this one at 314 Main Street, pays $14,894 taxes. The schools are still ranked #1 and the commute is 68 minutes from the New Canaan train station.
The full New Canaan report is here. Absorption rate in New Canaan fell 6.3, is now 13.1 mos.

Norwalk - A down year. Sales are down 5% Prices are down 10% to $588,000. Condo sales are down 8%. Inventory for houses is up 4% and condos inventory is up 39%. But, there is only a 3.3 month supply of houses under $500,000. This "average" house at 264 Chestnut Hill pays $7,755 in taxes. The Norwalk report is here. Absorption rate rose slightly from 6.4 to 6.8 mos.

Old Greenwich - A banner year after a slow start. 73 sales, up 12%, and prices are up 10% to $2.39 million.  An average house, 8 Robin Place, asking $2.35 million, pays $17,612 in taxes. Condo sales are up 30% and prices are up 10% to $567,000. The Old Greenwich report is here. Absorption rate fell from 10.3 mos. to 8.2 mos.

Redding -Terrible quarter and terrible year. No momentum. Quarterly sales are down 43% and prices fell 14%. For the year both sales and prices are down 9% to  $542,000. Inventory is up 21%. This average house at 46 Drummer Lane pays $10,715 taxes. The Redding report is here. Absorption rate rose from 10.4 to 13 mos.

Ridgefield - For most of the year Ridgefield was flat on prices and volume. The 3rd quarter was not kind as volume fell 5% and prices 7% but Ridgefield is still within a point or so of last year. Average house is $706,356 and this one on 36 Abbott Avenue pays $12,482 in taxes. This is the third quarter Ridgefield report here. Absorption rate rose from 8.7 months to 10.4 months.

Riverside in Greenwich - Terrible year. Terrible Summer now starting to rebound. Third quarter closings are up 10% but the year is down 11%. Prices for the quarter and the year are down 20% and 23% to $1.893mm. Condo sales rebounded from 3 sales to 8 this year. This year is by far the worst in a decade. The average house, this one on 15 Stoney Ridge Lane, pays $15,399 in taxes. The Riverside report is here. Absorption rate FELL from 12.7 to 8.7 months.

Rowayton - OK year. Sales are flat for the quarter and up 6% for the year, but prices are down 3% this year and 13% this quarter to $1.277mm. The average house, this one on 22 Richmond Road pays $18,679 in taxes. According to NYTimes commuting from the Rowayton station is 62 minutes. The third quarter Rowayton report is here. Absorption 12.3

Stamford -Wow. Quarterly sales of single family homes is up 33% to 249. Prices are rising 6% to $644,413 and the number of pending sales is up 17%. The average house, this one at 84 Barklay Drive, pays $11,038 in taxes. Condo sales are not so fortunate, down 14% alongside a 5% dip in average price to $330k.  The Stamford report. The absorption rate fell from 7.4 to only 7.1 mos.

Weston - Not much exciting happens in Weston. That's the way they like it. Closings are down a modest 3% to 126 and prices are down 1% to $799,318. The average house, this one at 26 Wells Hill, pays $19,690 in taxes. Oh, wait. Keith Richards hosted a wedding in September. That's exciting. The full Weston report for 3Q is here. Absorption rate increased from 11.3 to 11.9 mos.

Westport - Terrible year, terrible quarter. Down 19% in volume and 6% in price to $1.38mm. the 268 sales are the worst in 8 years. Condo sales are holding, up 33%, but average condo price is down 20% to $503,000. as inventory climbs 80%

Wilton - Good year, good momentum. Volume for the year is up 8% and momentum picked up this quarter: up 4%. Average price is $790,000, down 11%. Condo prices are down 17% to $334,000. Inventory is down 5%. This house at 31 Branch Brook pays $20,370 in taxes, which is the median town-wide. The Wilton report is here. Absorption fell from 12.8  to 11.8 months. 

The abbreviated Connecticut report is here.

You can find all previous copies of the market reports on our website, here.
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Maria Naughton, Susan Engel, John Engel, Melissa Engel & Charles Anello
members of the Engel Team are Licensed in Connecticut
203-247-4700 John's cell/text or 203-966-7800 for the main office 
jengel@halstead.com 
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