Fairfield Weekly Real Estate Report ~ 4/22/12-4/28/12

Here's what happened in Fairfield Real Estate this week!

As you can see from the report below there are a lot of newly listed homes on the market this week. For all you buyers out there, mortgage rates continue to be historically low and now would be a wonderful time to purchase a new home!



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Reality May 01, 2012 at 07:38 PM
I see a few sales and a boat load of overpriced homes coming to the market (your Reef Rd. listing is one of them). Tells me activity has increased and sellers are rushing to see if they can get their 2006 bubble price. They will be mistaken yet again.
Renee Daley May 01, 2012 at 08:38 PM
I'm afraid I have to disagree with your comment. The statistics show a robust Spring market, with 27 homes in Fairfield under contract just in April and 11 closings! That is not a sign of an overpriced pool of homes, to the contrary, today's buyer is a savvy one, and they know a good thing when they see it! Over priced homes don't sell! The market is rebounding and mortgage rates continue to be at historical lows.
Reality May 01, 2012 at 10:09 PM
11 closings?? There are 578 listings in Fairfield alone. It would take over 50 months to clear inventory. Saavy ones are staying on the sidelines. Rates will be low for several more years. Lots of foreclosures in waiting but you keep posting flowers and sunshine. More money for you while buyers go underwater.
Renee Daley May 01, 2012 at 10:58 PM
Sometimes people have to sell and cannot stay on the sidelines and savvy buyers can take advantage of buying with today's low interest rates. What a wonderful time it is for first time homeowners. Pricing is the key to moving inventory, and sellers have to be realistic and take their emotions out of the process, which is easier said than done. And without a crystal ball, I would never say to my clients that interest rates will be this low for years to come! Thank you for your comments.


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