As you can see in the first chart below, representing the median selling prices in November 2007, 2006 and 2005, we found that:
- sales in November this year were better than last year and better than 2 years ago.
- in all types of properties, median selling prices this year were higher than in November2005 and November 2006.
- only Co-Ops did better in Nov. 2006 than in Nov. 2005.
In the chart below we see the number of units sold. We saw a decrease in terms of units sold this year compared to 2006 and 2005.
Less properties were sold, but those sold produced a Median Selling price higher than those observed in 2006 and 2005. Now, isn't it a sign of a strong market in Stamford?
What do you think?
How is your local market doing?
NESTOR N. ROMERO
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