Home Fairfield CT single-family home sales up 12.7 percent from last year

CT single-family home sales up 12.7 percent from last year

Single-family home sales in Connecticut saw a 12.7 percent year-over-year increase in July, according to data from The Warren Group. A total of 3,641 single-family homes were sold in Connecticut last month, compared with 3,230 sold in July 2016.

Also on the rise was the median price of a single-family home in Connecticut: up 2.7 percent in July to $267,000, compared with $260,000 a year ago. Year to date, there were 19,287 single-family home sales in 2017, up 8.4 percent from 17,786 over the first seven months of 2016. The year-to-date median price was $249,000, versus $245,728 over the same period of 2016.

Connecticut’s condominium sales had mixed movement: sales increased in July by 8 percent with 875 condos sold last month compared to 810 in July 2016. However, the median sale price for condos in July dropped by 2.9 percent to $167,500 – in July 2016, it was $172,500. Year to date, there were 5,080 condo sales in 2017, up 11.8 percent from 4,548 over the first seven months of 2016. The year-to-date median price for this housing sector was $162,000 in July, 0.3 percent below last year’s $162,500.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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