Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 18.8 percent comparing September 2015 to September 2014. The median sales price of $250,000 represents a less than 1% increase from $249,900 in that same time period. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 3,138 in September 2015 and 2,642 in September 2014.
Townhouses and condominium sales in Connecticut increased 7.3 percent comparing September 2015 to September 2014; with a median sales price of $168,900 representing a 7.2 percent increase from $157,500 in that same time period in 2014. Total units sold were 762 in August 2015 and 710 in August 2014.
Statistics released from the National Association of REALTORS® today indicate total home sales nationwide (includes single-family homes, single-family homes, townhomes, condominiums and co-ops) increased 8.8 percent comparing September 2015 to September 2014; and the median national home sales price is $221,900. Regionally, Northeast home sales increased 11.8 percent in that same time period; with a median sales price of $256,500
“Another month goes by filled with good news. Sales are up and prices are stable. The Fall Market is still a great time in real estate.” said Sandy Maier Schede, President of Connecticut REALTORS®, Broker/Owner and REALTOR® with Maier Real Estate in Meriden.
In eastern Connecticut the number of single family sales in September was up 14.9% compared to September 2014, while the median declined 4.9% and the average dropped 6.9%.