Listing inventory for the Fairfield County housing
market slipped to the second lowest second
quarter total in a decade, as housing prices
showed mixed results. There were 7,721 listings
at the end of the second quarter, down 2% from
the prior year quarter. Even though condos only
accounted for 23.3% of countywide sales, the
23.9% drop in their supply to 1,221 units pulled
overall inventory lower. Single family inventory
edged 3.6% higher to 6,500 units. There were
2,851 sales in the second quarter, up 6.2% from
the prior year quarter. The absorption period,
the number of months to sell all listings at the
current rate of sales, fell 8% to 8.1 months, the
fastest second quarter market pace in a decade…