Interest in Fairfield County housing market is surging despite low inventory
Local realtors say in Fairfield County, low supply and high demand in the housing market are still going to be drive up prices.
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A husband-and-wife realty team is looking ahead to the spring housing market this year and you may not be too surprised to hear what's expected.
On a national level many experts are predicting a market correction characterized by stabilization, modest home price appreciation and a gradual return to normalcy after years of volatility.
But Fairfield County is a whole different case.
"This is a really great property in Wilton. It's five bedrooms, seven full bathrooms and two half baths," said Brenda LaFuente with the Fix & Fashion Team at Keller Williams.
The 7,800-square-foot home on Sturges Ridge Road is listed for $3.5 million by Michael and Kim Tromba with Keller Williams. And there's been plenty of activity.
"We've had people throughout the country look at this property," said LaFuente.
"Even though we had a 4% increase on the homes released to market, there's still not enough supply to meet up with the demand of buyers coming in," said Michael Tromba.
The Tromba's say they are seeing an all-time of low inventory and very high activity.
"The taxes here are less than they are in New York and New Jersey. So we are the commutable place to live if you are working full-time in New York or even hybrid," said Kim Tromba.
They say one of their homes this month had 17 showings in one day.
"This is really where people want to live. It's going to keep going," said Kim Tromba.
The Trombas say there are currently about 600 homes for sale in Fairfield County – not a lot. The encouraging news is that mortgage rates have been dropping. But property taxes are not.
