Home Fairfield Connecticut home sales up 5.1 percent

Connecticut home sales up 5.1 percent

Townhouse and condominum sales recorded a 17.3 percent upswing from one year earlier.

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Connecticut’s single-family home sales in March were up by 5.1 percent on a year-over-year basis, according to new data from Connecticut Realtors. A total of 2,527 homes were sold last month, compared with 2,404 in March 2016. The median sales price in March for single-family homes was $237,000, which is 3.1 percent above the $229,900 level set one year earlier.

There was more positive activity in the townhouse and condominium market last month, with a total of 697 units sold, a 17.3 percent spike from the March 2016 level of 594. The townhouses and condominium median sales price of $151,000 was 7.1 percent higher than the $141,000 level set one year earlier.

In comparison, total home sales nationwide – which includes single-family homes, townhomes, condominiums and co-ops – were up 5.9 percent in March on a year-over-year measurement while the median national home sales price is $236,400, according to the National Association of Realtors. Regionally, Northeast home sales were up by 4.1 percent during that same time period while the median sales price reached $260,800.

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