2014 was a year of transition in the eastern Connecticut housing market

While the number of single family sales were up 5.54% over the previous year, the average price (-0.09%) and median sale price (-1.61% were flat. 4th quarter statistics were a little more encouraging, with the units up 11.1%, the average price up 0.56%, and the median price down 0.79%. Continuing foreclosures and short sales continue to be a drag on prices and will continue to be so for at least another year.

stats

To view the data for all property types, go to ECAR’s Market statistics page at http://www.easternctrealtors.com/marketstatistics.html There you can view:

  • 2014-2013 yearly comparisons of solds for all property types
  • 4th Quarter 2014-2013 comparisons of solds for all property types
  • New London and Windham County sold data for all property types
  • New London County sold data by town for all property types
  • Windham County sold data by town for all property types

2015 promises to be a year of improvement.

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About Susy Hurlbert

Eastern Connecticut Association of REALTORS Chief Executive Officer
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