Short sales and bank-owned sales dragged down Connecticut’s average home price into negative territory in June, according to CoreLogic.
Including those distressed sales, Connecticut prices were down 0.6 percent from June 2014 — the second worst performance in the country, CoreLogic said. Massachusetts had a 5 percent drop, and Mississippi and Louisiana were also in negative territory.
Excluding distressed sales, Connecticut home prices were up 1.4 percent over the year in June. That was the 45th lowest growth.
In June, Connecticut prices, including distressed sales, remained 26.5 percent below their 2006 peak. Prices were off 15.6 percent, excluding distressed sales. A year ago, those gaps were 19.3 percent and 13.8 percent, respectively.
