Months of Inventory, or Absorption Rate is the rate at which homes are selling in a specific area. The fewer months homes are available the better the market is for the seller. A buyers market is when the prices are driven down because the market is saturated with available homes to buy.
Average sale price in December is $542,780 and 22 houses have sold so far in December. Year to date 665 homes have sold with an average price of $641,410. There are currently 296 active listings and 65 pending in Fairfield.
(These statistics are estimates)
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