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Real Estate Stages a 12-Month Gain

Real estate in Easton continued its 2010 recovery. The median sales price rose to $626,000 for the two months ending July 10. That's up 5.9 percent, compared with the previous quarter, and up 28.1 percent from that same period a year ago, according to Trulia.com.

The median is the midpoint. The same number of houses sold above that price as sold below it. When the median rises, it means that more homes are being sold at higher prices, compared with the previous period.

On an annual basis, Easton is doing better than all the surrounding towns except Greenwich and Darien. The bad news is that the median price remains 54 percent below its level of five years ago. Home sellers in Easton aren't pushing their current luck. Prices on new listings are staying flat.

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