May 31, 2017

CT April home sales flat

Stuart Miles, FreeDigitalPhotos.net
Stuart Miles, FreeDigitalPhotos.net
Connecticut home sales were flat in April of 2017.

Connecticut home sales barely rose in April, as prices were mixed, a fresh statewide sample shows.

Single-family home sales across the state rose less than 1 percent last month, according to the latest report from The Warren Group, Boston publisher of The Commercial Record.

A total 2,371 single-family homes were sold in Connecticut in April vs. 2,352 sold The same month a year ago, Warren said Wednesday.

The median price of a single-family home fell 2.1 percent in April to $235,000 vs. $240,000 a year ago.

Year to date, there were 8,435 single-family home sales in 2017, compared to 8,048 over the first four months of 2016 – a 4.8 percent increase.

"The market is still slow and far behind the peaks we saw a decade ago," said Warren Group CEO Timothy Warren. "Sales in April were 29 percent below the number in April 2005. And the median price in April is down 19 percent from April 2007. The market is steady and stable, but the recovery leaves us well below our peaks."

Condominium sales dropped 1.2 percent in April, with 657 condos sold vs. 665 in April 2016. The median sale price for condos in April increased by 4.7 percent to $164,900 from $157,500 in April 2016.

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