East Hartford, Conn. (WTNH) – The median sales price of single family homes in the state is up however home sales are down according to Connecticut Realtors, a statewide trade association that represents real estate professionals.
The median price increased 2.1% in November compared to November 2013 from $242,000 to $247,000. The association however says during the same period there was a 7.9% decrease in the number of sales. Nationally sales of single-family homes, townhomes, condominiums and co-ops is down 6.7% and the median sale price is $205,300. In Connecticut, the sale of townhomes and condominiums is down 15.8%. The median sale price for them in Connecticut is $155,000 down from $158,000.
In the Northeast home sales went up 4.6% with a median price of $246,100 which is a 1.3% increase from 2013.