PRESS RELEASE:

Conn. Single-Family Home Price Rises 3.4 Percent in January

Sales fall on a year-over-year basis

BOSTON, March 6, 2018 – Single-family home sales in Connecticut fell 3.7 percent in January compared to January 2017, according to the latest report from The Warren Group, publisher of The Commercial Record.

A total of 2,088 single-family homes were sold in Connecticut during the first month of 2018, compared to the 2,165 homes sold in January 2017. Meanwhile, the median price of a single-family home rose 3.4 percent in January to $235,000, compared with $227,000 a year ago.

“Even though single-family home sales declined slightly, prices continue to inch up,” said Timothy Warren, CEO of The Warren Group. “January’s median single-family home price hitting $235,000 marked the highest price achieved for the month since January 2011.”

In contrast, condominium sales in Connecticut increased 3.9% in January with 610 condos sold, up from 586 sold in January 2017. The median sale price for condos remained unchanged at $150,000, marking the third consecutive year of level condo prices during the month of January.

ABOUT THE WARREN GROUP

Customers use The Warren Group to identify new business opportunities through access to comprehensive real estate and mortgage data, analytics, industry news coverage, networking, and education opportunities.  Based in Boston, the company was established in 1872 and is now in its fourth generation of family ownership and management. It is the publisher of Banker & Tradesman, The Commercial Record and Registry Review and architect behind some of the leading events and conferences for banking, legal, and real estate professionals in all of New England. For more information visit www.thewarrengroup.com.