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Elliman Report: Fairfield County Sales 2Q 2020

As evidence of outbound migration from New York City and a release of pent-up demand as the housing market began to wake up, the number of sales declined by a substantially lower level than was seen in the city. Countywide, the year over year number of sales was down by 11.6% to 2,738, the first decline in five straight quarters. The sales total was the lowest secondquarter sales total since 2014. Listing inventory fell year over year by 38.4% to 3,577, the lowest total in more than 24 years. Would– be sellers pulled their listing from the market or delayed placing them on the market during…

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