October 31, 2018

CT’s Sept. home prices a 10-yr. high

HBJ File Photo
HBJ File Photo

Connecticut's sales of existing one-family houses and condos fell again in September, but continued strong median house prices hit a 10-year high, new data shows.

There were 2,608 houses sold in September vs. 2,916 sold in Sept. 2017, according to municipal data sampled by Boston business publisher The Warren Group.

Meanwhile, the median price of a home rose 7.1 percent, to $257,500, said CEO Tim Warren.
In August, statewide home sales fell, yet their median price hit a five-year high.

"The median single-family home price reached a 10-year high for the month of September, as a constrained inventory across the state continues to push prices higher on a year-over-year basis," Warren said.
Condo sales also fell in September, down 5.9 percent to 730 units sold vs. 776 sold the same month last year.

Median condo price slipped less than 1 percent, to $162,700 from a year ago.

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