The Warren Group, based in Boston and publisher of The Commercial Record, reported rising single-family home and condo sales statewide in Connecticut in May, marking what it said was the fourth consecutive month of increases.
A total 2,357 single-family homes sold in Connecticut in May, up 13.8 percent compared with 2,072 sold during the same month in 2014, according to the report.
Other findings included:
Ӣ Year-to-date sales climbed by 9.3 percent with 8,878 transactions completed, compared with 8,124 during the same time frame a year ago.
Ӣ The median price of a single-family home fell slightly by 0.3 percent in May to $265,000, compared with $265,750 a year ago. From January through May, prices fell 1.9 percent to $238,500, compared with $243,000 during the same time in 2014.
Ӣ Condominium sales statewide gained 1.5 percent in May, climbing to 627 condos sold up from 618 in May 2014. Year-to-date, condo sales were up 7.4 percent with 2,483 condos sold, compared with 2,312 during the same time frame last year.
Ӣ The median sale price for condos in May decreased by 2.8 percent, falling to $162,500 from $167,250 during the same month in 2014. Year-to-date, condo prices fell by 3 percent to $158,000, compared with $162,950.
