Stamford Homebuyers Have Advantage
Homebuyers in Stamford have been able to negotiate some pretty decent discounts recently.
Stamford home prices peaked in 2006, when the median selling price was nearly $700,000. For some perspective on the rapidly rising prices in that city, the median home price was $407,000 just five years earlier – an increase of 72 percent!
Home prices have declined since 2006, and today Stamford’s median home price is down by about $143,000, according to The Warren Group.
In fact, the median price for homes sold through July — $556,500 — is closer to the prices seen six years ago.
A new report from Zillow confirms that Stamford buyers are getting some good deals.
Buyers paid 5.9 percent less than the last listed price in July, securing a median discount of $32,099, according to Zillow. The Stamford metropolitan area ranked 18th in the nation in terms of the discounts buyers were able to negotiate.