Connecticut Home Sales and Prices Take Off
Wednesday, November 14, 2018
HARTFORD: Continuing good news for home sellers and Realtors Single-family home sales in Connecticut increased in July on a year-over-year basis. Price improvement was also part of the story as the median sale price hovered at a five-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.
A total of 3,942 single-family homes were sold in Connecticut last month, compared to the 3,686 homes sold in July 2017 – a hefty 7 percent increase. The median single-family home price increased 4.1 percent on a year-over-year basis to $280,000, the median sale price remained unchanged from June.
Sales momentum has apparently picked up, year-to-date, single-family home sales totaled 19,517 transactions, only a 0.3 percent increase from the first seven months of 2017, compared to the 7% increase of this past month. The year-to-date median sale price of $260,000 marked a 4 percent increase over the same period.