January 9, 2019

CT’s Nov. home, condo sales decline

HBJ File Photo
HBJ File Photo

Statewide sales of single-family dwellings and condos fell in November, but median pricing for both was mixed, a new survey shows.

A total of 2,369 single-family homes were sold in Connecticut in November vs. 2,595 homes sold the same month a year earlier – an 8.7 percent drop and the fourth consecutive monthly decline, according to Boston business publisher The Warren Group.

The median single-family sale price, however, rose 3.1 percent to $250,000, Warren Group said.

Among condos, their sales count fell 5.5 percent to 676 in November vs. 715 sold in Nov. 2017. Their median price dropped 6.3 percent from a year earlier, to $150,000 from $160,000.

"Falling sales paired with the rising single-family home price continues to highlight the unique relationship between supply and demand in Connecticut real estate," said Warren Group's Associate Publisher Cassidy Murphy.

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