The Connecticut single-family residential home median sales price for October was $247,000, a 3.3 percent increase from $239,000 in that same time period last year, Connecticut Realtors reports.
Median price is one that indicates half the homes sold for more and half for less.
At the same time, single-family residential home sales in Connecticut decreased 4.6 percent in October 2016 compared with a year ago. The total units of homes sold were 2,881 in October 2016 vs. 3,021 in October 2015.
Townhouse and condominium median sales prices also rose to $159,900, representing a 1.7 percent increase from $157,250 in that same time period. Sales in Connecticut increased 1.7 percent, with total units sold numbering 728 in October 2016 vs. 716 in October 2015.
Nationwide, the National Association of Realtors found total home sales nationwide (including single-family homes, townhomes, condominiums and co-ops) increased 5.9 percent in October 2016 compared with the same month a year ago. The median national home sales price was $232,200.
Regionally, Northeast home sales increased 1.4 percent in that same time period; with a median sales price of $255,500.
