Market Overview: Stamford, CT

Single Family Properties




August Headlines
Stamford
  • 3-month median price is up 9.1% to $620,500.
  • 3-month days on market in August was 90. This is down 15.9% from 107 in August of 2016.
  • New listings are down by 7.5%.
Nearby Areas You May Be Interested In
  • Months of supply in Fairfield in August was 8.8. This is up 6.3% from 8.2 in August of 2016.
  • Year-to-Date new listings in Norwalk are down by 8.6%.
  • Days on market in Easton is down 34.1% to 91.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Sales to List Price Ratio 96.0% -0.3%
New Listings 326 7.2%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 234 4.0%
Median Sale Price $620,500 9.1%
Inventory 474 -8.3%
Months of Supply 7.8 -10.1%
Market Time (Days) 90 -15.9%
Price per Sq Ft for Sold $222 2.1%
Went To Contract 222 6.7%
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Sales
There were 85 unit sales in August. This is down 1.2% from 86 in August of 2016. Sales/list price ratio in August moved down to 95.2% from 96.9% in July.

Prices
Median price in August was $576,000. This is up 1.6% from $566,875 in August of 2016. 3-month median price of $620,500 in August was down a little from $625,000 in July but up slightly from $569,000 in August of 2016. Price per square foot in August was $217. This is down from $228 in July and down from $218 in August of 2016.

Inventory
Inventory of 450 in August was down 8.7% from 493 in July and down 5.9% from 478 in August of 2016. New listings of 74 in August were down substantially from 118 in July and down a little from 80 in August of 2016. Months of supply of 7.4 in August was down slightly from 8.1 in July and down modestly from 8 in August of 2016. This is the lowest months of supply has been since March, 2017.

Market Time
Days on market of 92 in August was very slightly up from 90 in July but down somewhat from 120 in August of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: SMARTMLS-CM
Towns with an average of at least 5 sales per month (maximum of 10)
 








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