Here’s how our inventory levels are providing opportunities to savvy home sellers.
In 2016, there were 8,865; in 2017, there were 8,444; in 2018, there were 7,600; in 2019, there were 7,790; in 2020, there were 7,430; in 2021, there were 4,846. As of January 1 of this year, there are 3,180. Those are the numbers for active listings in Fairfield, Connecticut. Supply was dropping at a manageable rate until the pandemic hit.
Other factors took hold, and we’re at the lowest level of inventory that we’ve seen in many years. That 3,180 includes all single-family homes, condos, and rentals. The trends are similar throughout the rest of Connecticut and the nation.
Basic supply and demand is taking hold of values and driving them up. If you’ve thought about selling your home, now is the time. We have some great homes coming on the market, and there hasn’t been a better time to look at selling your home. We can help you buy your next home, too.
If you have any questions, don’t hesitate to reach out via phone or email. We look forward to hearing from you.