Single-family home sales in Connecticut up 4.1 percent in June

By Kevin Zimmerman

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Single-family home sales in Connecticut increased 4.1 percent in June, according to real estate sales and ownership data firm The Warren Group.

A total of 3,506 single-family homes sold in the state during the month compared with 3,368 sold in June 2015 – the highest number of sales in the month of June since 2007, when 3,658 homes sold. Year-to-date, sales were up 17.8 percent with 14,419 transactions, compared with 12,240 during the same period a year ago.

The median price of a single-family home was up for only the second time in 15 months, increasing 1.5 percent to $269,000, compared with $264,900 in June 2015. Year-to-date, prices have decreased by 1.2 percent to $242,000 compared with $245,000 during the same time a year ago.

Condominium sales decreased in June by 4.4 percent with 834 condos sold, down from 872 in June of 2015. Year-to-date, condo sales were up 10.5 percent with 3,705 condos sold compared with 3,354 during the same period last year.

The median sale price for condos in June posted a decrease of 2 percent, falling to $171,475 from $175,000 in June of 2015. Year-to-date, median condo sale prices fell 1.8 percent to $160,000, compared with $163,500 at the same time last year.

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