Freeze frame. That’s what the real estate market is like right now–pretty frigid, just like many of our attitudes towards the upcoming presidential election.

The three-month median price of $744,000 in September is down from $819,500 last September. The price-per-sq.-ft. in September was $227, way down from $278 in September of 2015.

Inventory is way up again—18-percent over last year. And the 52 new listings in September were part of the reason. Of those 52, little saw any action, as I believe buyers have a lackluster attitude as they await the results of the election, and hold off to see what next spring will bring. That’s a lost opportunity, in my opinion, as there are so many great homes and values out there.

The current months of supply is 14.8, up from 13.9 in August and 12.4 in September of 2015.

As you’d expect, days on market of 174 in September is up substantially from 104 in September of 2015. This is the highest days on market has been since February, 2014.

I, for one, am looking forward to moving past the election, and a re-energized market.

September Headlines
• Days on market in September was 174. This is up 67.3-percent from 104 in September of 2015.
• Price per square foot is down by 18.4-percent.
• Inventory is up 18-percent to 262.
• Unit sales in Fairfield are down 25.7-percent to 52.
• Price per square foot in Fairfield in September was $292. This is down 16.7-percent from $351 in September of 2015.
• Unit sales in Ridgefield are up by 28-percent.

All information supplied by William Raveis.

Lisa Bender Headshot smaller

Lisa Bender is a realtor with the Wilton office of William Raveis and a regular contributor to GOOD Morning Wilton. She writes about the Wilton real estate market. She can be reached at 203.246.6986 or via email.