Affordable Housing, Community Development, State News

Statewide September Home Sales Unsettled

The Warren Group
 

The Warren Group released its Connecticut home sale and price data for the month of September, revealing that while home sales decreased, median sales prices increased when comparing September 2016 to the same period last year. Single-family home sales fell 3.6% to 2,814 from last year’s total of 2,919. The median sales price for a single-family home increased 2.3% to $250,000 from $244,400.

Year-to-date (YTD) home sale and price numbers tell a slightly different story. Single-family home sales jumped 8.4% to 24,134 from last year’s total of 22,257, while the median sales price remained relatively flat at $249,900.

Focusing on September of 2015 and 2016, statewide condominium sales fell by double digits. Condo sales decreased 14.8% to 686 sales from last year’s total of 805. However, unlike single family homes, the median sales price for condos experienced a 6.1% dip to $165,000 from $175,740.

YTD, Connecticut condo sales increased 3.1% to 6,127 sales from last year’s total of 5,943. And similar to single-family homes, median sales price for condos remained relatively flat, experiencing less than a 0.5% dip to $164,500 from $165,000.

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