Affordable Housing, State News

Connecticut REALTORS Report Decrease in Home Sales but Increase in Prices

Connecticut REALTORS
 

Comparing October of 2015 with October of 2016, Connecticut REALTORS report that the single-family home and condominium sales prices have increased. The median sales price of single-family homes has increased by 3.3% from $239,000 to $247,000. The median sales price of condominiums and townhouses has increased by 1.7% from $157,250 to $159,000.

While single-family home sales have decreased, comparing October 2015 to October 2016, condominium and townhomes sales have increased. Connecticut home sales decreased by 4.6% from 3,021 to 2,881, while condominium and townhomes sales increased by 1.7% from 716 to 728.

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