Connecticut single-family home sales saw a slight 1 percent increase in July, but sales prices continue to drop, according to the latest report by The Warren Group, publisher of The Commercial Record.
There were 3,152 single-family home sales in Connecticut in July, compared to 3,129 a year earlier. It was the highest total sales for any month since June 2010, the report said. So far this year there have been 14,059 home sales in the state compared to 14,230 in the same period a year ago.
Meantime, home prices fell 3.9 percent in July to $275,000, compared to $286,000 in the year ago period. That marked the fifth consecutive month that median prices have decreased this year.
Condominium sales fell almost 5 percent in July with 763 condos trading hands compared to 803 a year earlier. Median condo sales prices also fell by 2.7 percent to $180,000.
