The statewide median sale price of single-family homes in Connecticut fell 0.9 percent and single-family home sales dropped 21 percent in August compared to August 2005, according to The Warren Group, a real estate and financial data company. It was the first time since 1998 that the statewide median single-family home price dropped. The 21 percent drop in sales was the largest since 2000. The state's single-family median sale price was $287,500 in August, down from $290,000 in August 2005. The median sale price had risen steadily since November 1998 to a high of $296,250 in July 2006. A total of 3,875 single-family homes were sold in August 2006 in the state, which is the lowest sales figure in August since 1995. Statewide single-family home sales have dropped 11 straight months and 17 ...
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