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New Trulia Report Shows National Price Reductions, But does CT Measure Up?

Trulia
 

A new report from Trulia found that both for-sale and rental prices decreased in a majority of the 100 largest U.S. metro areas. Nationally, for-sale prices decreased in 69 of the 100 largest U.S. metro areas between April 2016 and April 2017, while rental prices decreased in 83 of the 100 largest U.S. metro areas.  Trulia reported these trends suggest both the rental and for-sale markets may be leveling out following several years of increases.

In Connecticut, however, for-sale prices saw slight increases. The Bridgeport-Stamford-Norwalk, CT metro’s share of for-sale listings with a price-reduction ranked 97th on the list of the 100 largest U.S. metro areas (-1% change). Hartford, CT ranked 91st out of the 100 largest U.S. metro areas (-0.8% change), while New Haven-Milford, CT was 82nd (-0.3% change).

Similar to the national figures, the rental prices in Connecticut saw decreases, albeit slight. The Bridgeport-Stamford-Norwalk, CT metro area ranked 43rd on the list of the 100 largest U.S. metro areas (1.2% change). New Haven-Milford, CT ranked 50th in the proportion of rental listings with a price reduction (1% change), while Hartford, CT was 54th (0.8% change).

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