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Community Development , Housing Policy Briefs , Reports and Publications , State News

Mid-Year Home Sales Reports Show Increases in Connecticut

16 August 2017
CT REALTORS and The Warren Group

Two recent reports analyzing Connecticut home sales in June show increases in the number of sales being made and the median sale prices. In a year-over-year comparison between June 2016 and June 2017, Connecticut REALTORS reports that the median sales price of single-family homes increased by 1.8% from $274,950 to $280,000. The median sales price of condominiums and townhouses increased by 8.8%, from $170,000 to $185,000.

The Warren Group’s data indicates the median sales price of single-family homes increased to $270,000 from $266,000, 1.5% in a year-over-year comparison from the same time last year. The median sales price for condominiums also increased by 2.9% from $170,000 in June 2016, to $175,000 in June 2017.

Connecticut REALTORS reports single-family home and condominium sales have also increased in a year-over-year comparison. Connecticut home sales increased by 6.4%, from 4,182 to 4,448, while condominium and townhome sales increased by 8.9% from 933 to 1,016.

The Warren Group also reports an increase in single-family home and condominium sales. The Warren Group’s data indicates an 8.7% increase in the sales of single-family homes, from 3,561 in June 2016 to 3,872 in June 2017. Similarly, condominium sales increased by 13.6% from 852 condos sold to 968.

Discrepancies in these reports are attributed to the point in the sale at which data is collected. The Warren Group bases its reports on sale documents filed with the towns and cities, while Connecticut REALTORS reports on statistics from the Multiple Listing Service.

Click here to read the CT REALTORS report and here to read The Warren Group report.