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September 18, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

Connecticut single-family home sales and prices up in August, condos down

Single-family residential home sales in Connecticut during August were up 1.9 percent on a year-over-year measurement, according to data from Connecticut Realtors.

A total of 3,893 houses were sold last month, compared with 3,822 in August 2016. The state’s single-family residential home median sales price for August was $274,000, up 2.3 percent from $267,750 one year earlier.

However, sales in Connecticut of townhouses and condominiums dropped in August by 2.8 percent year-over-year, with 891 units sold last month versus 917 in August 2016. But the median sales price for this sector reached $175,828 in August, up 4.7 percent increase from $168,000 in August 2016.

Regionally, Northeast home sales in August increased 1.4 percent year-over-year, with a median sales price of $289,500.