Trumbull & Fairfield Real Estate July Market Update
Market Overview
Trumbull and Fairfield are experiencing the broader market evolution toward more balanced conditions that we're seeing throughout Fairfield County. For the first time since 2020, the country as a whole has over one million homes currently active on the market, and this national trend is clearly reflecting in our local markets.
Inventory levels have been rising town by town, and we're seeing more price adjustments from sellers who initially chose optimistic pricing strategies. In July alone, 23 homes in the Trumbull-Fairfield area reduced their prices after recognizing the need to be more competitive to attract traffic and generate offers.
Combined Market Activity
(Jan - June 2025)
(Jan - June 2025)
Trumbull Market Performance
Fairfield Market Performance
Key Market Insights
- ✓ Fairfield showing exceptional growth with 14% price appreciation year-over-year
- ✓ 23 homes reduced pricing in July, reflecting market adjustments in progress
- ✓ Trumbull maintaining steady growth at 2.7% with more accessible price points
- ✓ Strong pipeline with 161 homes under contract across both markets
- ✓ Both markets benefiting from inventory adjustments and realistic pricing
What This Means for You
For Sellers: The 23 price reductions in July highlight the critical importance of competitive pricing from day one. With rising inventory levels, sellers must be realistic about market value to attract buyers and avoid the need for later price adjustments.
For Buyers: Both markets offer distinct opportunities - Trumbull provides excellent value with steady appreciation, while Fairfield offers strong growth potential despite higher price points. The increased inventory gives buyers more options and negotiating power.
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