The number of Connecticut single-family home sales rose 20.2 percent in August compared to last year, although prices of those home dropped for the fifth month in a row, according to Boston real estate information provider The Warren Group.
Connecticut had 3,295 home sales in August vs. 2,714 in August 2014. For the first eight months of the year, Connecticut had 19,097 home sales, a 13.5 percent increase compared to the first eight months of 2014.
The median home price in August was $255,000, a 5.5 percent drop from the $269,900 that homes were going for in August 2014. The price of home sales has been down year-over-year every month since April.
The sales-up, prices-down trend was true for the condominium market in August as well, as sales were up 28.7 percent year-over-year but the median price was down 5.2 percent.
