Connecticut’s statewide single-family home sales in Connecticut fell by 3 percent in February, but their median price rose about 7 percent, a fresh report shows.
There were 1,688 houses sold last month, down from 1,741 sold in 2017, Boston publisher The Warren Group said Monday.
Meanwhile, single-family median home prices increased to $237,000 vs. $221,000 a year ago, which signals the largest year-over-year hike since Sept. 2013.
“The inventory of homes for sale is dropping in Connecticut and the tighter supply may be pushing up prices,” said Warren Group CEO Timothy Warren.
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More than 3,800 single-family homes have been sold this year with a median price of $235,950, Warren said.
