Research group: Home sales in Connecticut up in December

Home for sale. (AP Photo)

HARTFORD, Conn. (AP) — A real estate research group says single-family home sales in Connecticut increased by 1.7 percent in December, the fourth consecutive month that sales have increased year-over-year.

But The Warren Group said Tuesday that the median price of a single-family home fell 2.1 percent, to $240,000.

A total of 2,196 single-family homes sold during the month compared with 2,160 in December 2013. It was the most sales for December since 2009.

The median price fell year-to-date 3.3 percent from $260,000 in the same timeframe last year.

Timothy M. Warren Jr., chief executive of The Warren Group, said he believes the price decline will change this year as more first time buyers look for good deals.

Condominium sales statewide posted a 4.9 percent increase in December, climbing to 603 condos from 575.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s