Market Overview: Stamford, CT

Single Family Properties




October Headlines
Stamford
  • Months of supply in October was 7.3. This is down 14.2% from 8.5 in October of 2016.
  • Inventory is down by 9.0%.
  • New listings are up 8.4% to 90.
Nearby Areas You May Be Interested In
  • Median price in Fairfield is down by 15.2%.
  • Year-to-Date unit sales in Norwalk are down 1.9% to 568.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending October, 2017% Chg From Oct, 2016
Median Sale Price $538,750 -2.5%
Changes Favoring Sellers
3 Months Ending October, 2017% Chg From Oct, 2016
Unit Sales 206 1.0%
Inventory 460 -8.2%
Months of Supply 7.4 -13.4%
Market Time (Days) 97 -14.9%
Price per Sq Ft for Sold $216 2.0%
Sales to List Price Ratio 96.5% 0.6%
New Listings 289 -4.3%
Went To Contract 189 4.4%
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Sales
There were 51 unit sales in October. This is up 8.5% from 47 in October of 2016. This is the lowest unit sales have been since 31 in February, 2017. Sales/list price ratio in October moved up to 96.1% from 95.3% in September.

Prices
Median price in October was $537,500. This is down 2.3% from $550,000 in October of 2016. 3-month median price of $538,750 in October was down modestly from $572,500 in September and down a little from $552,500 in October of 2016. Price per square foot in October was $208. This is down from $213 in September but up from $197 in October of 2016.

Inventory
Inventory of 453 in October was down 3.8% from 471 in September and down 9.0% from 498 in October of 2016. New listings of 90 in October were down somewhat from 125 in September but up modestly from 83 in October of 2016. Months of supply of 7.3 in October was down a little from 7.6 in September and down slightly from 8.5 in October of 2016.

Market Time
Days on market of 95 in October was down modestly from 104 in September and down a little from 107 in October 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
Bridgeport 11.67%
Danbury 10.29%
Norwalk 6.94%
Trumbull 5.69%
Greenwich 5.55%
Bethel 4.79%
Stamford 3.63%
Stratford 3.31%
Darien 2.89%
Westport 2.59%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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