Connecticut home sales closed the first quarter strong with a second straight month of gains in March, hitting a monthly sales mark unseen in five years, Boston publisher The Warren Group says.
Statewide, 1,768 single-family homes sold in March, up 11 percent from the 1,594 sold in March 2014, Warren Group said Tuesday. It was highest March sales tally since 2010, when 2,310 homes sold.
First-quarter sales totaled 4,510 transactions vs. 4,230 a year ago, a 6 percent climb, said CEO Timothy M. Warren Jr., publisher of The Commercial Record.
The median price of a single-family home also gained, rising 3 percent in March to $232,000 vs. $225,000 a year ago. The first quarter of the year saw prices drop slightly to $229,700 compared with $230,000 during the same time a year ago.
“This is the first gain in prices in over a year. All of this suggests that the spring real estate market should be strong,” Warren said.
Condominium sales statewide gained 14.7 percent in March, climbing to 508 condos sold up from 443 the same time a year ago. Condo sales were up 9.7 percent in the first three months, to 1,300 units.
Median condo prices in March fell 3.2 percent to $150,000 from $154,900 a year ago. First-quarter condo prices also fell 1.3 percent to $155,000 from $157,000.
