CT median single-family home price at 12-year peak

Sales and median prices on Connecticut”™s single-family homes and condominiums were on the rise during January, according to data from The Warren Group, a provider of real estate transaction data.

Connecticut recorded 1,998 single-family home sales in January, up from the 1,875 transactions recorded one year earlier. The median price of a single-family home increased on a year-over-year basis from $235,000 last January to $251,000 in January 2020.

“Following a streak of gains at the end of 2019, Connecticut single-family homes started the new year on a high note,” said Timothy Warren, CEO of The Warren Group. “In fact, the median sale price of $251,000 marked a 12-year high for the month of January. I”™ll be interested to see if activity remains strong as the spring housing market approaches.”

On the condominium side, there were 559 sales during January, up from the previous year”™s 519 sales. The $161,000 median sale price for condominiums rose from last year”™s $153,000, marking the highest price for the month of January since 2015.

“This is the second year in a row that the January median sale price has increased on a year-over-year basis,” Warren said. “The median year-end condo price has steadily risen over the last three years, and condos starting 2020 off on the right foot is a hopeful sign that this year will be no different.”