Industry News

Connecticut home sales dive 16%

Median sale price rises modest 0.4% in July

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Sales of single-family homes in Connecticut fell by 16.4 percent in July, the 11th straight month sales were below the comparable year-before period. The median price of single-family homes continued to increase modestly, rising 0.4 percent, according to a report released today by The Warren Group, which tracks real estate data across New England. A total of 3,774 single-family homes changed hands in July, down from 4,516 sales the previous year, and the median sale price of single-family homes increased to $296,250 in July from $295,000 in the prior-year period. Condominium sales dropped 4.7 percent, with 1,446 units sold, and the median sale price rose 2.9 percent to $197,500 compared with the same month last year. Each of Connecticut's eight counties has seen single-family home sales fall the first seven months of 2006. Fairfield County continues to trail the pack, with sales dropping 20.6 percent for the year-to-date period and 30.2 percent in July. Tolland, one of the state's sm...