Connecticut REALTORS® reports that the single-family residential home median sales price is $280,000 which reflects a 1.8 percent increase from $274,950 in that same time period last year. Median indicates that half the homes sold for more and half for less. Single-family residential home sales in Connecticut increased 6.4 percent comparing June 2017 to June 2016. The total units of homes sold were 4,448 in June 2017 and 4,182 in June 2016.
Townhouses and condominium median sales price is $185,000 representing a 8.8 percent increase from $170,000 in that same time period in 2016. Sales in Connecticut increased 8.9 percent comparing June 2017 to June 2016. Total units sold were 1,016 in June 2017 and 933 in June 2016.
In New Haven County, NHMR reports that sales of single family homes increased 12.8% in June, 2017 compared to June, 2015. Total units sold were 945 in June, 2017 compared to 838 in June of 2016. The median sales price of $247,000 represents a 4% increase from $237,575 during that same time period.
Condominium sales for New Haven County comparing June, 2017 to June 2016 shows that the number of unit sales increased 11% from 211 to 234. The median sales price increased 7% from $142,000 to $152,000.
In Middlesex County, sales of single family homes increased 3% in June, 2017 compared to June, 2016. Total units sold were 261 in June, 2017 compared to 253 in June of 2016. The median sales price of $287,000 represents a negligible 0.7% decrease from $289,000 during that same time period.
Condominium sales for Middlesex County comparing June, 2017 to June 2015 shows that the number of unit sales increased 62% from 37 to 60. The median sales price also increased 10.4% from $135,750 to $149,750. The huge increase can be attributed in part to the relatively small pool of numbers the statistics represent. When dealing with a small sample size, even a small change in numbers will result in a large change in percentage. That being said, the increase is still good news.
“June shows a very positive increase for real estate sales activity in New Haven and Middlesex Counties,” says Carolyn Augur, President of NHMR and Sales Vice President of William Raveis Real Estate in Milford. “More single family homes and condos have sold than the same time period last year, which is good for sellers and buyers,” she added.