fairfield
Fairfield is one of the oldest towns in Connecticut, founded in 1639 by immigrants from England who wanted to build a farming village based on Puritan religious values. Their community was organized around the church, and had clear roles for all its members, in order to create an orderly, disciplined society. Fairfield’s original boundaries covered a large area, including what are now the towns of Westport, Redding, Easton, Weston, and parts of Bridgeport.
At the turn of the 20th century, immigrants from Hungary, Italy, Poland, and Ireland came to the area looking for opportunity in area factories and shops, which produced everything from sewing machines to ammunition. At the same time, well-off people from New York City came to find relaxation in a country atmosphere. Fairfield’s beautiful beaches, its large estates and fancy hotels, and the easy train ride from New York City made it an attractive spot to spend a weekend, a summer, or to establish a home. This pattern continued after WWII, when Fairfield’s population grew faster than ever. Families from Bridgeport and elsewhere (many the children and grandchildren of the immigrants who moved and worked in the area earlier) sought to move to the suburbs. From a tiny homogeneous village of English Puritans, Fairfield gradually became a vibrant and diverse community .
info stats
LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
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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.
market reports
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