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Home sales in Stamford remain flat. The same number of houses sold in the three months ending in July as in the same period a year ago, according to Trulia.com. Since spring, however, market prices have improved. The median sale rose to $464,250 up 15.9 percent from the previous quarter and up 10.5 percent over the past 12 months.
The median is the midpoint. The same number of houses sold above that price as sold below it. A rising median means that more homes are being sold at higher prices than in the previous period. The stronger the increase, the better the market.
Prices still hang 5.3 percent below the median price of five years ago but that's better performance than in many surrounding towns. Locally, it doesn't look as if a double dip is on the way.
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