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The local market is attracting a new wave of second home buyers.
Greenwich recorded the highest average second quarter sales price for a single-family home at $2.7 million.
The $161,000 median sale price for condominiums was the highest for a January since 2015.
The $258,000 single-family home median sales price was a 12-year high for the month of November.
Greenwich and Darien showed, respectively, the highest figures for single-family home and condo sales.
"It's encouraging to see Fairfield County sales up this quarter as well as the decrease in inventory," said Scott Elwell at Douglas Elliman Real Estate.
“Right now, the condo market is very strong," said Douglas Elliman’s Scott Elwell.
Average sales prices in Fairfield County’s single-family, condo and luxury housing markets during the third saw declines on a quarter-over-quarter and year-over-year measurement, according to new data released by Douglas Elliman Real Estate.
The median sale price of condominiums rose 3.7 percent in July on a year-over-year basis to $175,000, a four-year high.
May marked the first time in eight months that the state’s median sales price for single-family homes fell on an annualized measurement.
Fairfield County’s housing market recorded its fifth consecutive annual increase in median sales prices and eighth consecutive year-over-year decline in listing inventory during the first quarter of 2018.
Despite declining sales activity, the median sales price for single-family residences and townhouses and condominiums were up from one year ago.
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