The Calm Before the Storm... and a Quick Update on the Housing Market

I live a good 0.8 of a mile from the beach, so I wasn't as concerned about flooding as I was about the wind.

By the look of Friday at 7 p.m., it was hard to imagine the rough tides, flooding and high winds to come. Nevertheless, I opted to pass the storm at my parent's house in Westport. It so happened that our friends on were then able to spend Sunday night at our Fairfield house after returning from a Shelton hotel to find ample flooding around their home. The flooding extended more than a block inland from the shore!

A bit less dramatic this week, was our Fairfield housing market.

With 495 single family homes for sale at the time of this post, the inventory was lower by nine houses compared to last month and five homes compared to last year at this time. Seven percent of the homes had accepted offers which was consistent with binder counts at the end of August in the past three years and just one percent less than in July. Sixty listings were under contract for pending sale. This count was down by 74 contracts last month but up by five contracts from last year. Eighteen new single family listings hit the market during past week, and many more will likely follow suit as we recover from Irene and head into back-to-school mode.