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Prices Strengthen for Stamford Homes

In a hopeful sign, the median sales price for homes in Stamford crept up for the period from April 10 to June 10. The increase came to 3.5 percent, compared with the three prior months, reports the housing-focused website, Trulia.com.

But that's far from a recovery. Prices are 2.9 percent below what they were a year ago at this same time. Over the past five years, median prices are off by 11.1 percent (the median is the middle of the range). Real estate experts still say that sellers are still having to settle for less than they want.

Total sales are down, too. Only 136 homes sold in the April-to-June period. That’s down 26.5 percent from the same time a year ago—further proof of how little is moving.

The average listing price of homes on the market, for the period ending June 30, was $722,046. The median sales price for the period ending in June 10 came to $424,375.

By Trulia’s count, the most popular Stamford neighborhoods are the Newfield-Westover-Turn of River area, where the listing price averaged $716,120, and the Springdale-Glenbrook-Belltown area, which averaged $419,103. In North Stamford, one of the city's pricier neighborhoods, listings last week averaged $1.12 million.

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