MARKET ACTION REPORT November 2010

Fowler Home Connection

County: Fairfield (203) 450-SELL
fowlerhomeconnection.com
Your Real Estate Connection!
Price Range: All | Properties: Single Family
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $549,000 -1% -5%
Average List Price of all Current Listings $1,011,091 -1% -2%
November Median Sales Price $475,000 12% 0% 13% 10% $467,500 9% 9%
November Average Sales Price $638,789 -5% -7% 10% 3% $682,402 11% 10%
Total Properties Currently for Sale (Inventory) 5,111 -9% 3%
November Number of Properties Sold 370 -8% -32% 5,300 14%
November Average Days on Market (Solds) 111 0% 4% -3% 0% 107 -4% -4%
Asking Price per Square Foot (based on New Listings) $282 3% 2% 7% -2% $282 -2% -2%
November Sold Price per Square Foot $236 -3% -4% 4% -1% $248 5% 4%
November Month's Supply of Inventory 13.8 -2% -1% 52% -7% 12.4 -19% -17%
November Sale Price vs List Price Ratio 95.3% .5% 1.4% .6% 2.9% 93.9% 1.5% 1.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

1,000
Property Sales 900
November Property sales were 370, down 31.7% from

867
800
542 in November of 2009 and 7.7% lower than the 700
401 sales last month. November 2010 sales were at a 600

633
625
609

591
579

575
mid level compared to November of 2009 and 2008. 500
548

546

542
510

506
480
400

442

439
November YTD sales of 5,300 are running 14.0%
431

423

423
411

401
400

390
387

380
379

370
364

300

350
ahead of last year's year-to-date sales of 4,650.

309

298
294
282
272
264

200
220
204
100
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 900
The Median Sales Price in November was $475,000,
800
up 13.1% from $420,000 in November of 2009 and
up 11.8% from $425,000 last month. The Average 700
Sales Price in November was $638,789, up 9.7% from 600
$582,088 in November of 2009 and down 5.3% from
$674,583 last month. November 2010 ASP was at the 500
highest level compared to November of 2009 and 400
2008.
300
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
8,000 25
The Total Inventory of Properties available for sale as of
November was 5,111, down 9.2% from 5,631 last month 7,000
20
6,769
6,647
6,538

and up 3.4% from 4,941 in November of last year.

6,435

6,000
6,387
6,337
6,174
6,155

6,145

6,140
6,073
6,008

5,990

5,977
5,851
5,845

5,846
5,817

5,783
5,735

November 2010 Inventory was at a mid level compared

5,694

5,631
5,600

5,430

5,000
5,410
5,377

15
5,193

5,111
4,996
4,971

4,941

with November of 2009 and 2008.

4,843
4,735

4,660
4,591

4,000
4,200

3,000 10
A comparatively lower MSI is more beneficial for sellers 2,000
while a higher MSI is better for buyers. The November 5
1,000
2010 MSI of 13.8 months was at a mid level compared
with November of 2009 and 2008. 0 0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT November 2010
Fowler Home Connection
County: Fairfield (203) 450-SELL
fowlerhomeconnection.com
Your Real Estate Connection!
Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 130
sells. An upward trend in DOM tends to indicate a move 114 111
120 110
towards more of a Buyer's market, a downward trend a 110
move towards more of a Seller's market. The DOM for 100
November was 111, equal to 111 days last month and 90
down 2.6% from 114 days in November of last year. The 80
November 2010 DOM was at a mid level compared with 70
November of 2009 and 2008. 60
50
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 300
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 290
the direction of Property values. Since Median Sales 280
Price and Average Sales price can be impacted by the 270
'mix' of high or low end Properties in the market, the 260
selling price per square foot is a more normalized 250 243
236
indicator on the direction of Property values. The 240 228
November 2010 Selling Price per Square Foot of $236 230
was down 2.7% from $243 last month and up 3.5% from 220
228 in November of last year. 210
200
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 99%
The Selling Price vs Original Listing Price reveals the 98%
average amount that Sellers are agreeing to come down 97%
from their original list price. The lower the ratio is 96% 95.3%
below 100% the more of a Buyer's market exists, a ratio 94.6% 94.7%
95%
at or above 100% indicates more of a Seller's market.
94%
The November 2010 Selling Price vs Original List Price
of 95.3% was up from 94.8% last month and up from 93%
94.7% in November of last year. 92%
91%
90%
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 8,000 Inventory New Listings Sales
This last view of the market combines monthly 7,000
6,769
6,647

inventory of Properties for sale along with New Listings

6,538

6,000
6,435

6,387
6,337
6,174
6,155

6,145

6,140
6,073
6,008

5,990

5,977
5,851
5,845

5,846
5,817

5,783

and Sales. The graph shows the basic annual

5,735

5,694

5,631
5,600

5,000
5,430
5,410
5,377

5,193

5,111
4,996
4,971

seasonality of the market as well as the relationship

4,941
4,843
4,735

4,660
4,591

4,000
4,200

between these items. The number of New Listings in

November 2010 was 747, down 22.0% from 958 last 3,000
month and up 5.4% from 709 in November of last year. 2,000
1,000
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales November 2010
Fowler Home Connection
County: Fairfield (203) 450-SELL
fowlerhomeconnection.com
Your Real Estate Connection!
Price Range: All | Properties: Single Family

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2010 was 747,
down 22.0% from 958 last month and up 5.4% from 709 in November of last year.

8,000 Inventory New Listings Sales

7,000
6,769
6,647
6,538

6,435

6,387
6,337
6,000

6,174
6,155

6,145

6,140
6,073
6,008

5,990

5,977
5,851

5,846
5,845

5,817

5,783
5,735

5,694

5,631
5,600

5,430
5,410
5,377

5,000
5,193

5,111
4,996
4,971

4,941
4,843
4,735

4,660
4,591

4,000

4,200
3,000

2,000
1734

1692
1632

1553
1496

1472

1459

1456

1363
1341

1338
1336

1316
1311
1297
1284
1280

1,000
1220

1222
1207
1178

1167
1144

1109
1100

1030
994

991
958

958
867
766

747
709
633
625
518
387

379

264

364

380

431

609

548

411

400

272
540
282

204

220

309

294

390

546

579

423

510

542
488
442

350

298

439

480

506

591

575

423

401

370
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.