Connecticut home prices rose in December to their highest in five years, says Boston publisher-home sales tracker the Warren Group. Condominium prices also posted their best performance since 2015.
There were 2,454 houses sold statewide last month, a slight decline from 2,473 units sold the final month of 2017, Warren Group data shows.
Last month’s batch of house sales reflected a median price — meaning half sold for more, half for less — of $247,000.
But year-to-date track of home prices yielded a median price of $258,000, 3.2 percent higher than the median as of Dec. 2017 and the highest since 2013, CEO Tim Warren said.
“While a year-end median price of $258,000 is impressive, it’s still more than 13 percent below the peak,” Warren said. “In 2007, the statewide median sale price reached a record of $295,000.”
Sales prices for homes in south-central Connecticut mirrored the statewide trend. New Haven County ended the year with a median sales price of $227,500, up 4.4 percent from 2017, while Middlesex County’s year-end price rose 2.9 percent to $270,000.
In the statewide condominium market, 682 sold last month — unchanged from a year earlier, Warren said.
Also, the single-month median sale price of condominiums fell 2.7 percent to $162,000 from $166,500 in Dec. 2017. Year-to-date condo sales were flat at 9,067 transactions, but that figure was the highest since 2007.
Meanwhile, the year-to-date median condo price reached $165,000 — a 1.2-percent increase from 2017 and the highest median year-end condo price since 2015.
Condo sale prices fell in 2018 in New Haven and Middlesex counties compared to the previous year, however. New Haven County’s year-to-date median condo sale price fell by 1.4 percent to $138,000; Middlesex County’s declined 4.8 percent to $129,495.
Natalie Missakian contributed to this story
