Connecticut Home Sales Rise in August

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 9.1 percent comparing August 2016 to August 2015. The median sales price of $269,900 reflects a 5.0 percent increase from this period last year. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 3,753 in August 2016 and 3,439 in August 2015.

Townhouses and condominium sales in Connecticut increased 14.1 percent comparing August 2016 to August 2015; with a median sales price of $167,500 representing a 3.5% percent decrease from $173,500 in that same time period in 2015. Total units sold were 899 in August 2016 and 788 in August 2015.

Compared to the State numbers, in Eastern Connecticut alone sales volume rose 21.7% with 455 units sold in August, 2016 compared to last year at this time. The median sales price was $210,000, which represents an increase of 8.39% over last August.