A new report from the Warren Group shows an 11-year high in the median sales price of single-family homes in Connecticut.
In a year over year comparison, single-family home sales decreased slightly, by less than one percent (0.8%), to 2,454 from last year’s December total of 2,472. The median sales price for single-family homes increased to $247,000, up 0.9% from December 2017.
The Warren Group reports that a total of 33,594 single-family homes were sold according to the year-end year-to-date (YTD). This total represents a decrease of 1.9% from 2017. The year-end YTD median sales price is the highest since 2007, at $268,000. However, this year-end median sales price is still almost 10% below the 2007 peak of $295,000.
Comparing December 2018 with 2017, condominiums sales remained flat at 682 units sold. The median sales price for condos decreased by 2.7% to $162,000, from $166,500.
The Warren Group reports that a total of 9,067 condominiums were sold YTD, with a median sales price of $165,000, representing the highest year-end sales price since 2015.