NAR Reports Home Sales and Prices Up at Close of Spring Market

.

As of July 24th 2017, Connecticut REALTORSĀ® reports that the single-family residential home median sales price is $280,000 which reflects a 1.8 percent increase from $274,950 in that same time period last year. Median indicates that half the homes sold for more and half for less. Single-family residential home sales in Connecticut increased 6.4 percent comparing June 2017 to June 2016. The total units of homes sold were 4,448 in June 2017 and 4,182 in June 2016.

In CT, townhouses and condominium median sales price in June of 2017 was $185,000 representing a 8.8 percent increase from $170,000 in that same time period in 2016. Sales in Connecticut increased 8.9 percent comparing June 2017 to June 2016. Total units sold were 1,016 in June 2017 and 933 in June 2016.

Statistics released by the National Association of REALTORSĀ® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 0.7 percent comparing June 2017 to June 2016; and the median national home sales price is $263,800. Regionally, Northeast home sales increased 1.3 percent in that same time period; with a median sales price of $296,300.

Source: NAR (National Association of Realtors)

Leave a Reply