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May 30, 2019

CT’s April house sales fall

Connecticut’s single-family home sales fell for the ninth consecutive month in April, but prices were unchanged, new data shows. Condo sales rose.

House sales statewide dropped 5 percent last month to 2,575 closings vs. 2,710 a year earlier, Boston publisher The Warren Group said Thursday.

Their median sale price -- meaning half the homes sold for more, half for less -- remained at $250,000.

“Recent trends in Connecticut have seen far too many homes for sale; that glut of housing depressed the median sale price,” said Warren Group Associate Publisher Cassidy Norton. “Though prices are down slightly from this time last year to date, I expect they will rise in the spring market if the number of sales remains low.”

Condominium sales statewide rose 5.7 percent in April, to 726 transactions vs. 687 a year earlier, Warren Group said. But their median price dipped 1.2 percent, to $162,000 vs. $164,000 a year earlier.

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