The Eastern Connecticut housing market continued its slow, mixed improvement during the third quarter of 2014. The number of single family sales increased 10.42% over the third quarter of the previous year. The median sale price was flat (-0.05%) and the average sale price declined 4.85%. It is apparent that the presence of foreclosures and short sales in the market has and will continue to have a negative effect on median and average sale prices.
Full third quarter data which includes data for all property types (Single Family, Condominium, Mobile Homes, Land (Residential), Multifamily, and Commercial) as well as single family data for New London and Windham Counties can be found on the ECAR Market Statistics page at http://www.easternctrealtors.com/marketstatistics.html