William Pitt Sotheby’s recently released their 2009 Annual Report for Fairfield County.  I have made it available by clicking the following link.

Brief overview of Sotheby’s 2010 outlook:

The CT MLS recently released sales data on December 2009 sales. There were a total of 57 Single Family units sold in December, which represents a 111% increase from Dec 2008. The median price was set at $575,000, a nice bump up from $520,000 in Dec 2008. Average price was down from $650k to $642k, but is most likely due to the slower sales in the multi-million dollar sales category. After a sharp drop in median price in early 2009, we have seen prices stay flat since March 2009.

Also nice to see that compared to Dec 2008, average days on market has dropped to 84 from 112.