Affordable Housing, Reports and Publications, State News

Connecticut August Home Sales Increase Year Over Year

The Warren Group
 

Connecticut experienced the largest volume for August single family home sales in seven years this year with 2,893 single family sales. It’s the second highest number of sales this year, topped only by July’s  3,126 single family home sales. August year-to-date (YTD) median sales price for single family homes increased 9.5% from $242,000 in 2012 to $265,000 in 2013.

Fairfield County saw the only drop in August median sales price for single family homes from 2012, a 1% drop from $520,000 to $515,000. Middlesex County had the highest increase in August median sales price for single family homes with a 17.6% climb from $250,000 to $294,000.

YTD median sales price for single family homes increased for all counties except New London County, with the largest increase happening in Litchfield County from $196,000 to $235,000, a 19.9% increase. New London County saw a 1.3% decrease from $225,000 to $222,000 for YTD median single family home sales price.

Fairfield (861), Hartford (737) and New Haven (603) Counties accounted for 76% of the August sales volume in the state. August sales volume for the other five counties ranged from 195 in New London County to 65 in Windham County.

In August, condo sales increased almost 3% from the same month last year from 664 to 683. YTD condo sales increased by 7.2% from 4,141 to 4,438 while YTD median sales price increase had almost the same percentage increase from $161,000 to $172,500. August median sales price for condos increased by 15.68% from $164,250 in 2012 to $190,000 in 2013.

Hartford County saw no change for both August condo median sales price and YTD condo median sales price. New London County blew all the counties out of the water with its 73% increase in August median sales price from August 2012 to August 2013 from $127,000 to $220,000. Middlesex and Windham County were the only ones to see a decrease in median sales from with a 1.4% and 10.6% decrease respectively.

All counties experienced YTD Median condo sales price increases with the exception of New London which saw a 4.1% decrease from $148,000 to $142,000. Litchfield County had the highest YTD increase from $92,500 to $113,000.

Read more at the Commercial Record. 

 
 

Filter News By