December 8, 2017

Report: CT Oct. house sales, prices rise

Stuart Miles, FreeDigitalPhotos.net
Stuart Miles, FreeDigitalPhotos.net

Connecticut homes sales and prices rose to post their best October showing in a decade, a fresh survey says.

Single-family sales rose 3.8 percent last month to 2,946 units vs. 2,837 sold in Oct. 2016, according to Boston-based The Warren Group.

Meanwhile, the median price of a single-family home rose 2.9 percent in October to $247,000, vs. $240,000 a year ago.

Condo sales statewide also rose in October, up 4.8 percent with 845 condos sold vs. 806 sold in October 2016. The median sale price for condos increased three-tenths of a percent to $160,000 vs. $158,000 in Oct. 2016, Warren said.

Earlier this month, the Connecticut Association of Realtors reported October sales of houses and condos flattened, yet their median prices posted modest gains, Realtors said.

"The Connecticut housing market continues to perform at an impressive level," said Warren Group CEO Timothy Warren. "This is the most single-family homes sold during the month of October in over a decade, while October condo sales haven't seen this level of activity since 2007."

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