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.
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