Single-family home sales in Connecticut climbed 20.9 percent in March, according to the latest report from real estate sales and ownership data firm The Warren Group.
A total of 2,139 single-family homes sold in Connecticut during the month, compared with 1,768 sold in March 2015 ”” the highest number of sales in the month of March since 2007, when there were 2,636 homes sold. Year-to-date, sales were up 25.6 percent with 5,652 transactions, compared with 4,501 during the first quarter of 2015.
The median price of a single-family home fell by 3 percent in March to $225,000, compared with $232,000 a year ago, marking the 12th consecutive month of price drops year over year. Year-to-date, prices decreased by 1.1 percent to $227,000 compared with $229,475 during the same time a year ago.
“The median price of a single-family home fell 3 percent in 2014, another 2 percent in 2015 and 1 percent so far this year,” noted Warren Group CEO Timothy M. Warren Jr. “Home shoppers are active while prices remain well below their peaks in 2007.”
Condominium sales statewide posted a double-digit increase in March, with 564 condos sold, an increase of 11 percent from the 507 sold in March 2015. Year-to-date, condo sales were up 14.7 percent with 1,493 condos sold compared with 1,301 during the same time frame last year.
The median sale price for condos in March posted a slight decrease of 3.3 percent, falling to $145,000 from $150,000 in March 2015. Year-to-date, prices fell by 3.8 percent to $149,000 compared with $155,000.
