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Elliman Report: Fairfield County Sales 2Q 2021
The large drop in listing inventory combined with the surge in sales resulted in all price trend indicators rising to record levels. Historically low mortgage rates and limited supply are key reasons behind rising prices. Also reflective of rising prices was the surge in market share of bidding wars. As a result, 50% of sales were above the last asking price, for all sales that closed, a distorted market condition reflective…
