Connecticut Home Sales, Prices Increase In September

HARTFORD, Conn. (WTIC Radio) - Single-family home sales in Connecticut increased in September. Sales surged 6.7 percent from September 2018, according to real estate-tracking firm The Warren Group. At the same time, the median single-family home price rose 0.8 percent on a year-over-year basis to $260,000 – an eleven-year high for the month of September.

“Although single-family home sales saw a significant gain in September, the 2019 total is still well behind where it was year-to-date in 2018,” said CEO Tim Warren. “I expect single-family sales to remain sluggish as the market winds down, and I don’t foresee a major spike during the final months of the year to pull the number of sales even with 2018.”

Condominium sales also increased in September, rising 2.2 percent on a year-over-year basis. Meanwhile, the median sale price rose 0.6 percent on a year-over-year basis to $164,000