Connecticut Home Sales Rise in September

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Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 2.6 percent comparing September 2016 to September 2015. The median sales price of $255,000 reflects a 2 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 3,274 in September 2016 and 3,191 in September 2015.

Townhouses and condominium sales in Connecticut decreased 1.4 percent comparing September 2016 to September 2015; with a median sales price of $165,000 representing a 1.8% percent decrease from $168,000 in that same time period in 2015. Total units sold were 768 in September 2016 and 779 in September 2015.

Statistics released by the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 0.6 percent comparing September 2016 to September 2015; and the median national home sales price is $234,200. Regionally, Northeast home sales increased 2.1 percent in that same time period; with a median sales price of $261,600.

Notably ahead of statewide figures, Eastern Connecticut saw 421 single family residential home sales in September, marking an increase of 21.33% comparing to September 2015.  The median sales price of $202,500 reflects a 6.6% increase from this period last year.