With 9.3 months of inventory, Fairfield is currently in a buyer's market. Home prices have decreased 22.9% in the past month. At the current sales pace, it would take over 9.3 months to sell all available homes in Fairfield, indicating an oversupplied market. Homes are now taking an average of 104 days to sell, significantly longer than the 22 days typical for this market. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fairfield market with the affordability index at 41.9. Current trends suggest further price adjustments may occur as the market continues to favor buyers.