S&P’s Home Price Index Report and Fairfield County, Connecticut Housing Data.July 27th, 2011
On Tuesday the Standard & Poor’s Case-Shiller home price index report was released showing that home prices continue to bounce along. The Home Price report showed that home prices recovered from April to May with slight increases in major cities. The Census Bureau data of home prices showed falling sales despite a rise in prices for new homes in June. To read more on the Forbes article ‘Home prices bouncing along bottom Case-Shiller shows’ click on link.
Over all housing data revealed that inventory is down and prices are up. According to JP Morgan new home inventory is 71% below its July 2006 peak. (Click here to read more at the WSJ blog)
For Fairfield County, Connecticut some towns are seeing a year to date 2nd quarter (June) increase in average sales price of single family homes compared to 2010, mostly in the lower Fairfield County area with New Canaan and Norwalk leading %24.53 and 19.85%. See chart below.
Single Family Unit sales year to date 2nd quarter (June) 2011 compared to last year are mixed with fewer municipalities ahead, with Rowayton and Greenwich leading with 52.38% and 28.57% increases. See chart below.
David Popoff is a license Realtor in Connecticut with William Raveis office in Darien. A resident of Fairfield County for over 40 years with 30 years of work experience throughout lower Fairfield County and now resides in Darien, Ct since 2004.
- Member of the Connecticut Association of Realtors, CAR.
- Member of the National Association of Realtors, NAR.
- Member of the Darien MLS, Greenwich MLS & Greater Fairfield County, Ct MLS.
- NAR Green designee.
- David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).
- Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
- Contact David Popoff for all your real estate needs in lower Fairfield County, Connecticut.