Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 7.4 percent comparing June 2016 to June 2015. The median sales price of $275,000 reflects a 0 percent change from this period last year. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 4,098 in June 2016 and 3,815 in June 2015.
Townhouses and condominium sales in Connecticut increased 6.2 percent comparing June 2016 to June 2015; with a median sales price of $170,000 representing a 2.3 percent increase from $166,125 in that same time period in 2015. Total units sold were 913 in June 2016 and 860 in June 2015.
Statistics released by the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) increased 3.0 percent comparing June 2016 to June 2015; and the median national home sales price is $247,700. Regionally, Northeast home sales increased 5.6 percent in that same time period; with a median sales price of $284,800.
Comparing statewide figures, Eastern Connecticut fared exceptionally well with 498 single family units sold in June, amounting to a 28% increase in volume over the same period last year. The median sales price in Windham and New London Counties is $210,000, representing a 4.48% increase over June, 2015.