As the Summer Market comes to a close and the Fall Market begins, we are continuing to see reasonable activity both on the buy and sell side, in spite of Mother Nature's incidents and the resulting clean-up. The good news in the data this month is the sale to list price ratio improving compared to last year, currently running right around 95%. The deals seem to be getting closer between the seller and the buyer. Check our Market Action Reports for a full set of stats.   

With home loan rates hitting the lowest in Freddie Mac's records leading back to 1971, the buyers performing are doing so at incredible rates. Tighter lending standards and the still high jobless rates weigh on overall market. With the high loan rate limit changing at the end of September, those buyers are trying to beat the deadline. The new high rate limit going forward will be $575,000 for Fairfield County. 

We will be busy this weekend with open houses; a Classic Colonial within walking distance of the Westport train station, a Cape on a pond in Fairfield and a Colonial in the Silvermine section of Norwalk. If you happen to be in the neighborhood, stop by and say hello.     

As always we are here for you as you think about real estate and all that entails, we also are hopeful that you all came away from the storm with as little incident as possible. 

Wendy and Steven