Set in hilly terrain, the town of Bethel in Fairfield County lies near Connecticut’s border with New York. Settled as part of Danbury in 1685, the parish of Bethel, which took its name in 1759 for the Hebrew term meaning “House of God,” incorporated in 1855.
Bethel, as part of Danbury, had boasted hat-making factories as early as the late-1700s. The trade remained vital to the town’s economy well into the early 1900s. Today, such firms as Duracell, Inc., and Eaton Corporation, a power management company, call Bethel home. The town is also known as the birthplace of celebrated showman and entrepreneur Phineas Taylor Barnum.
Now most noted for its picturesque downtown, which is listed on the National Register of Historic Places, Bethel retains its small-town appeal while still offering accessibility to both New York City and Hartford.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.
