Connecticut’s inventory of distressed mortgages continued to weigh on the area realty market in February, as the state posted the only year over year price decline in the country, according to CoreLogic.
Including distressed sales, the state’s home prices slipped 0.9 percent compared to Feb. 2014, CoreLogic said. Across the country, there was an average increase of 5.6 percent.
Excluding distressed sales, Connecticut prices increased 1.7 percent.
Connecticut prices are 24.7 percent below their pre-recession peak — the fifth-furthest of any state.
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Excluding distressed sales, the state is 18.3 percent below its peak.
