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Laura Feghali's Blog

By Laura Feghali | Agent in Stamford, CT

Stamford Connecticut: Year-To-Date Sales Through May 2012

   Below, are the year-to-date sales figures for Stamford through the end of May.  Every category of residential real estate is showing an increase in sales volume over last year.  Do note that in some instances the percentage increase of units sold is greater than the percentage increase in sales volume.  This can be attributed to more properties selling at lower price points than last year. 

   Multi-family sales continue to show large increases as investors are taking advantage of lower prices and possibly lower interest rates for those that choose to finance.  The rental market continues to be strong.

  May sales figures overall were down about 18% but unit sales were up almost 6%.  Multi-family sales (up 35%) and rentals (up 28%) continued to show strong gains. Single-family (down 16%) and condo sales (down 24%) were lagging behind last year in both sales volume and units sold. However; there is evidence of many properties pending closing so it will be interesting to see what the month of June will hold.

Year-To-Date Sales Through May 2012:

Type                   $Volume in Millions: TY/LY/% Change             Units Sold: TY/LY/% Change

Single-Family                $249.1M/$243.7M/+2.2%                                392/352/+11.4%

Condominiums               $97.5M/$88.8M/+9.8%                                  300/292/+2.7%

Multi-Family                    $17.2M/$14.5M/+18.4%                                   52/44/+18.2%

Rentals                              $2.3M/$1.9M/+21.4%                                1052/942/+11.7%

Total All Types              $371.1M/$357.1M/+3.9%                              1812/1656/+9.4%      
(Includes Commercial & Land Sales)

Source: Greater Fairfield County MLS

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