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August 18, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

CT home sales down slightly, prices up in July

Single-family residential home sales in Connecticut took a scant 0.1 percent year-over-year drop in July, according to new data from Connecticut Realtors, with 3,694 homes sold last month versus 3,698 sold in July 2016. However, the single-family residential home median sales price of $273,000 in July was 3 percent higher than the $265,000 level one year earlier.

Sales of townhouses and condominiums in Connecticut dropped by 0.5 percent year-over-year in July, with 803 units sold last month versus and 807 in July 2016. But the $169,000 median sales price for this sector was 1.2 percent about the $167,000 price set one year earlier.

Regionally, Northeast home sales decreased 1.5 percent in that same time period, with a July median sales price of $290,000, according to separate data from the National Association of Realtors.