Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 19.2 percent comparing January 2016 to January 2015. The median sales price of $232,000 represents a less than 1 percent decrease from $234,000 in that same time period. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 1,977 in January 2016 and 1,659 in January 2015.
Townhouses and condominium sales in Connecticut decreased 0.9 percent comparing January 2016 to January 2015; with a median sales price of $148,500 representing a 6.0 percent decrease from $158,000 in that same time period in 2015. Total units sold were 457 in January 2016 and 461 in January 2015.
Statistics released from the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 11 percent comparing January 2016 to January 2015; and the median national home sales price is $213,800. Regionally, Northeast home sales increased 20.6 percent in that same time period; with a median sales price of $247,500.
Single family sales in Eastern Connecticut rose from 170 sales in January, 2015 to 274 sales in January, 2016, a 61% increase. The median sales price declined 2.5% and the average sale price declined 1.5%.
