Connecticut home prices in October remained 21.8 percent below their July 2006 peak, meaning the state has the fourth-furthest distance to climb before residential real estate values reach their breakeven point, according to CoreLogic.
The number includes distressed sales, which are ordered by mortgagees or under foreclosure orders.
Only Nevada, Arizona and Florida are further off their price peaks than Connecticut, according to CoreLogic, which said 27 states were within 10 percent of their respective peaks.
Excluding distressed sales, Connecticut home prices are 17.7 percent below their peak.
The realty data and services firm analyzed 100 geographic areas across the country, 94 of which had higher sale prices than they did a year ago. Among the six that didn’t was the Greater Hartford area.
Across the country, homes prices increased 6.1 percent over the year, representing 32 months of consecutive increases.
Image credit: freedigitalphotos.net
