Median Price Records 1.5 percent Gain
Boston, August 1, 2017 – Single-family home sales in Connecticut jumped 8.7 percent in June compared to June of 2016, according to the latest report from The Warren Group, publisher of The Commercial Record.
A total of 3,872 single-family homes were sold in Connecticut during the month of June, compared with 3,561 sold in June 2016. The median price of a single-family home increased 1.5 percent in June to $270,000, compared with $266,000 a year ago.
Year to date, there were 15,567 single-family home sales in 2017, compared to 14,556 over the first six months of 2016 – a 6.7 percent increase. The year-to-date median price was $244,000, compared to $242,500 over the same period of 2016.
“Our June sales total has hit its highest point since 2006,” said Timothy Warren, CEO of The Warren Group, “Though the median price of homes has remained relatively flat over this time, attractive prices may be the primary factor driving this modest climb in sales numbers.”
Condominium sales in Connecticut increased in June by 13.6 percent with 968 condos sold, up from 852 in June 2016. The median sale price for condos in June increased by 2.9 percent to $175,000, compared to $170,000 in June 2016.
Year to date, there were 4,194 condo sales in 2017, compared to 3,738 over the first six months of 2016 – an 12.2 percent increase. The year-to-date median price was $160,000 over the same period for both 2016 and 2017.