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Is the Merritt Parkway a Dividing Line?

We have heard people talking about a perceived slowdown in Fairfield County residential real estate between those properties located north and south of the Merritt Parkway. So, we decided to see what the data is telling us over the last year. We segmented the single-family property sales data in Fairfield, Westport, Norwalk, and Stamford since each town spans an area north and south of the Merritt.

Although sample sizes are not equal, what we found is that the perceived slowdown does not appear to be as drastic as some people may think. The bottom line is that on average, homes north of the Merritt Parkway are taking longer to sell, but the properties are still selling:

We will plan to continue to circulate small data research pieces such as this in the future to address hot topics at the time. So, please let us know if there are any interesting topics you would like us to research and we are happy to take requests.

Source: SmartMLS, prior 365 Days data as of 6/19/18