Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 6.3 percent comparing November 2015 to November 2014. The median sales price of $236,000 represents a 3.7% decrease from $245,000 in that same time period. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 2,307 in November 2015 and 2,171 in November 2014.
Townhouses and condominium sales in Connecticut increased 5.1 percent comparing November 2015 to November 2014; with a median sales price of $150,000 representing a 5.7 percent decrease from $159,000 in that same time period in 2014. Total units sold were 558 in November 2015 and 531 in November 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) decreased 3.8 percent comparing November 2015 to November 2014; and the median national home sales price is $220,300. Regionally, Northeast home sales increased 1.5 percent in that same time period; with a median sales price of $254,800.
In eastern Connecticut, the number of single family sales in November rose a robust 15.15% from 264 in 2014 to 304 in 2015. While the average sale price rose 1.19% to $244,111, the median sale price declined 5.97% to $185,000 for the same period.