Connecticut’s January home and condominium sales each fell 6 percent from a year earlier, The Warren Group says. Prices were flat.
Sales of single-family home sales declined to 1,357 units vs. 1,448 sold the same month in 2014, the Boston publisher of The Commercial Record said Monday.
January’s snowfall and frigid temperatures typically make it a slow month for housing sales.
It was the first year-over-year sales drop since last August. It also was the lowest January sales total since 2012.
This marked the lowest number of sales in the month of January since January 2012 when there were 1,332 sales.
The median price was unchanged in January at $230,000, ending 10 months of falling prices, CEO Timothy J. Warren Jr. said.
Condo sales statewide fell to 363 vs. sold 387 the same time a year ago. The median sales price for condos in January posted a slight gain of almost 1percent, increasing to $163,800 from $162,500 in January 2014.
“Connecticut single-family home sales dropped in January but I don’t feel this is a reason to become alarmed,” Warren said. “Prices, however held steady after months of decreases and condos even gained a little. I think as we see the year get under way and the weather improve, sales should start to pick up.”
