Connecticut single-family home sales had their best October since 2007, posting a 7 percent increase year over year, according to the Warren Group.
Across the state, there were 2,379 recorded sales, up from 2,221. It was the highest October number since 2007, when there were 2,605 homes sold. Sales remain down 1 percent for the first 10 months of 2014 compared to the year-ago period.
While sales increased in October, prices continued to drop. October marked the eighth consecutive year-over-year decline. The median price was down 3.4 percent over the year, to $241,600. The median price is also down year to date, by 2.7 percent.
Meanwhile, October condo sales grew 6 percent, to 667, up from 629 a year ago. Condo sales are up nearly 3 percent so far this year.
Condo prices also saw their first uptick since June. The median stands at $168,000, up from $165,000 a year ago. However, prices are down almost 1.2 percent so far this year.
