Home Sales and Prices Up in June

Connecticut REALTORS® 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.

Townhouses and condominium median sales price is $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.

In New London and Windham Counties combined, the median price of a single family home rose to $225,000, reflecting a 7% over this time last year.  The number of homes sold rose from 428 in May to 620 in June, up by 24% over the same period last year.