Connecticut single-family home and condo sales rose by double digits in June, marking the fifth consecutive month of increases, according a report by Boston-based The Warren Group, publisher of The Commercial Record, which reports on regional real estate. Prices headed the other direction, though.
A total 3,368 single-family homes sold in Connecticut in June, up 19.9 percent compared with 2,799 sold during the same month in 2014. This marks the fifth time this year that single-family home sales have grown by double digits. Year-to-date, sales climbed by 12.1 percent, with 12,254 transactions completed, compared with 10,933 during the same time frame a year ago.
The median price of a single-family home fell by 4.4 percent in June to $264,900, compared with $277,000 a year ago. From January to June, prices fell 2 percent to $245,000, compared with $250,000 during the same time frame in 2014.
“Connecticut home and condo sales have shown tremendous strength as we head into the summer months,” said Tim Warren, CEO of The Warren Group, in a statement. “This has been a much stronger spring than last year and hopefully it continues through the next season.”
Condominium sales statewide gained 14 percent in June, with 872 condos sold compared with 765 in June 2014. Year-to-date condo sales were up 9 percent, with 3,355 condos sold in the first half of 2015 compared with 3,077 condos sold during the same time frame last year.
The median sale price for condos in June decreased by 2.8 percent, falling to $175,000 from $180,000 during the same month in 2014. Year-to-date condo prices fell by 2.1 percent to $163,000, compared with $166,500 for the first half of 2014.
