Home Sales Rise Significantly in February

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 19.9 percent comparing February 2016 to February 2015. The median sales price of $231,000 represents a 2.7 percent increase from $225,000 in that same time period. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 1,880 in February 2016 and 1,568 in February 2015.

StatsInfographicFebruary2016

Townhouses and condominium sales in Connecticut increased 20 percent comparing February 2016 to February 2015; with a median sales price of $145,000 representing a 1.8 percent decrease from $142,500 in that same time period in 2015. Total units sold were 517 in February 2016 and 431 in February 2015.

Statistics released from the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 2.2 percent comparing February 2016 to February 2015; and the median national home sales price is $210,800.  Regionally, Northeast home sales increased 5 percent in that same time period; with a median sales price of $239,700.

In Eastern Connecticut February single family sales rose rose an astounding 57.3% over February 2015 sales (247 vs. 157). Values were essentially flat with the average sale price for February declining 5.8% and the median rising 0.6%.

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About Susy Hurlbert

Eastern Connecticut Association of REALTORS Chief Executive Officer
This entry was posted in Home Buying Process, Home Selling Process. Bookmark the permalink.

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