Connecticut house sales rose the final month of 2014, but 12-month sales wound up slightly below those of the previous year, The Warren Group says.
Statewide single-family home sales grew 1.7 percent to 2,196 units sold in December from 2,160 units a year earlier — the fourth straight month of higher year-over-year sales, according to the Boston-based publisher of The Commercial Record.
However, January to December 2014 sales were down 1 percent, to 25,660 units vs. 25,919 the same period a year earlier.
The median price of a single-family home fell 2.1 percent to $240,000 in December, down from $245,000 a year earlier. Year-to-date, the median price for homes sold was $251,500, falling 3.3 percent from $260,000 in the same timeframe last year.
“Median prices for both decreased but I think that will change in 2015 as we see more and more first time buyers hitting the market and looking for great deals,” CEO Timothy M. Warren Jr. said.
Condominium sales statewide posted a 4.9 percent increase in December, climbing to 603 condos sold up from 575 the same time a year ago, The Warren Group said. Year-to-date, condo sales were up 3.1 percent, increasing to 6,961 from 6,753 during the same period last year.
The median sales price for condos in December fell by 4.8 percent, decreasing to $160,000 from $168,000 in December 2013. The year-to-date median selling price of condos in Connecticut was $168,500, down 1.4 percent from $170,800 a year ago.
