CT Home Sales Drop in September

Connecticut REALTORS® reports that the single-family residential home median sales price is $249,950 which reflects a 1.6 percent decrease from $254,000 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 decreased 7 percent comparing September 2017 to September 2016. The total units of homes sold were 3,095 in September 2017 and 3,328 in September 2016.

Townhouses and condominiums median sales price is $170,000 representing a 3.0 percent increase from $165,000 in that same time period in 2016. Sales in Connecticut decreased 5.4 percent comparing September 2017 to September 2016. Total units sold were 748 in September 2017 and 791 in September 2016.

Statistics released by the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) decreased 1.5 percent comparing September 2017 to September 2016; and the median national home sales price is $245,100. Regionally, Northeast home sales decreased 1.4 percent in that same time period; with a median sales price of $274,100.

In Eastern CT, the median price of a single-family home in September was $213,000, representing a 5 percent increase comparing September 2017 to September 2016.  The total number of homes sold was 393 versus 421, representing a 6.67 percent decrease over the same time last year.