STAMFORD, Conn. -- Sales fell sharply, but the median price for a single-family home rose by more than 10 percent in the second quarter, according to reports from several real estate groups.
Sales fell 18.9 percent in Stamford from the same timeframe last year, according to the quarterly report from Berkshire Hathaway HomeServices New England. The harsh winter delayed the spring selling market, and the comparison is also skewed because of the robust activity in the second quarter of 2013. The Berkshire Hathaway HomeServices New England report is attached as a PDF. The William Pitt Sotheby's International Realty second quarter report is online.
There were, however, some positive signs as well. The median sale price for a single-family home jumped 10.7 percent to $620,000. The median price for a condo also rose, up 12.3 percent to $320,000.
The average days on market also fell in Stamford. For single-family homes, the average days on market was 137 days, down 3.9 percent from last year. Average days on market for Stamford condos fell 28.4 percent to 119 days.
The Stamford numbers reflected Fairfield County. Sales were down 8 percent across the county in the second quarter compared with the same timeframe last year. Prices remained flat for the second quarter compared with 2013, according to the quarterly report from William Pitt Sotheby’s International Realty.
“I think there was concern in the first quarter and the early part of the second quarter,’’ said Liz Bacon, office leader and sales manager for Berkshire Hathaway HomeServices New England Properties. “June was gangbusters. We’re feeling a lot more confident. It has been a confusing market because we’re getting things back in balance. Now we have inventory and we’re in the process of getting everything back in sync.”
Attached: (berkshire_hathaway_2nd_q_report.pdf)Get Breaking News In Your Inbox