Connecticut Realtors reports that single-family residential home and condominium sales in Connecticut increased year over year. The median sales price saw a drop in the same timeframe.
The Realtors group reported median sales price of $236,000 represents a 3.7 percent decrease from $245,000 in that same time period for single family homes. Total units of homes sold were 2,307 in November 2015 and 2,171 in November 2014.
Townhouses and condominium sales in Connecticut increased 5.1 percent comparing November 2015 to November 2014; with a median sales price of $150,000 representing a 5.7 percent decrease from $159,000 in that same time period in 2014. Total units sold were 558 in November 2015 and 531 in November 2014.
Last week, the Greater Hartford Association of Realtors reported the median sale price of single-family homes increased by 2.4 percent from $200,000 to $204,700 over November of last year. Condominium closed sales increased 8 percent (from 163 to 176) over November of last year. The median sales price increased 2.5 percent (from $138,000 to $141,500)
Statistics released from the National Association of Realtors indicate total home sales nationwide (includes single-family homes, single-family homes, townhomes, condominiums and co-ops) decreased 3.8 percent comparing November 2015 to November 2014; and the median national home sales price is $220,300. Regionally, Northeast home sales increased 1.5 percent in that same time period; with a median sales price of $254,800.
