CT Home Sales Down in April

Connecticut REALTORS® reports that the single-family residential home median sales price is $246,000 which reflects a 0.4 percent decrease from $247,000 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 5.4 percent comparing April 2017 to April 2016. The total units of homes sold were 2,600 in April 2017 and 2,748 in April 2016.

Townhouses and condominium median sales price is $156,500 representing a 1.0 percent increase from $154,900 in that same time period in 2016. Sales in Connecticut decreased 3.0 percent comparing April 2017 to April 2016. Total units sold were 672 in April 2017 and 693 in April 2016.

Statistics released by the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 1.6 percent comparing April 2017 to April 2016; and the median national home sales price is $244,800. Regionally, Northeast home sales decreased 2.7 percent in that same time period; with a median sales price of $267,700.

Connecticut REALTORS® is a statewide trade association representing over 16,000 real estate professionals engaged in all aspects of real estate in Connecticut. The term REALTOR® is trademarked and denotes membership in the National Association of REALTORS®.  Statistics are from multiple listing services throughout Connecticut and reflect properties that are openly marketed for sale.  These will vary from statistics that represent all sales including family transfers, private sales, etc. that are inclusive of property prices not driven by market demands.

In Eastern CT, comprising of New London and Windham Counties, 362 units sold in April, 2017; a remarkable 16.40% increase over this time last year. The median price of a single-family home was up nearly 10% over April of last year at $208, 450, marking the highest median price so far this year.  Comparing to overall state numbers, the median price of a home in Eastern CT is going up rather than down, however the unit price is still well below the state.