Affordable Housing

CT Single-Family Sale Prices Drop and Condo Sales Barely Increase in January

The Commercial Record
 

Both single-family home sales and condo sales decreased from January 2014 to January 2015 according to The Warren Group. Single-family home sales dropped 6.3% to 1,357 sold in January 2015 from 1,448 in January 2014. There was no change in single-family median home price, which stayed at $230,000. This was the first time in ten months that the home price did not decline.

By county the median single-family home sales price declined only for Hartford and Tolland County with Hartford County experiencing the largest decline - a 12.29% drop to $180,000 in 2015 from $210,000 in 2014. Windham County saw a 10.10% increase from $153,500 in January 2014 to $169,000 in 2015 and Middlesex County saw no median sales price change, staying at $245,000.

Statewide condo sales also decreased 6.2% from 387 last year to 363 January 2015. The statewide condo median sales price was the one increase across all metrics, rising by almost 1% to $163,800 January 2015 from $162,500 in January 2014.

Fairfield County was the only county where the number of condo sales exceeded 100 in both January 2014 and January 2015. New Haven County experienced the largest drop in condo median sales price, declining 5.7% from $137,860 in 2014 to $130,000 in 2015. Windham County had the largest increase with a 10.23% rise from $126,100 in January 2014 to $139,000 in January 2015.

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