The town of Brookfield is located in the Housatonic Valley region of Fairfield County near the New York border. Incorporated in 1788, the town was formed from parts of New Milford, Danbury, and Newtown. Brookfield’s early industries rose up along the Still River concentrated in an area called the Iron Works District. Its iron furnaces, grist mills, cotton and carding mills, comb shops, lime kilns, and other small industries drove the town’s growth. Brookfield today has an expanding commercial sector, and its western edge, where man-made Candlewood Lake is located, has seen increased residential growth.
In 1788 the town of Brookfield was incorporated and by 1807 had eight school districts; Brookfield Center, Iron Works, Longmeadow, Whisconier, Obtuse, Bound Swamp, North Mountain, and South Mountain (Huckleberry Hill). In the 19th century, the town also had a private school for boys, as well as an internationally acclaimed music school.
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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.
