Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 6.1 percent comparing March 2015 to March 2014. The median sales price of $233,250 represents a 3.7 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 2,015 in March 2015 and 1,899 in March 2014.
Townhouses and condominium sales in Connecticut increased 4.9 percent comparing March 2015 to March 2014; with a median sales price of $147,000 representing a 1.8 percent decrease from $149,750 in that same time period in 2014. Total units sold were 540 in March 2015 and 515 in March 2014.
Statistics released from the National Association of REALTORS® on April 22 indicate total home sales nationwide (includes single-family homes, single-family homes, townhomes, condominiums and co-ops) increased 7.8 percent comparing March 2015 to March 2014; and the median national home sales price is $212,100. Regionally, Northeast home sales increased 1.6 percent in that same time period; with a median sales price of $240,500.
“The overall growth is a great sign as temperatures warm.” said Sandy Maier Schede, President of Connecticut REALTORS®, Broker/Owner and REALTOR® with Maier Real Estate in Meriden. “Every local market has different variables and a REALTOR in your area can give you the best information. It’s a time of opportunity.”
Connecticut REALTORS® is a statewide trade association representing over 15,600 real estate professionals engaged in all aspects of real estate in Connecticut. The term REALTOR® is trademarked and denotes membership in the National Association of REALTORS®. Statistics are from multiple listing services throughout Connecticut and reflect properties that are openly marketed for sale. These will vary from statistics that represent all sales including family transfers, private sales, etc. that are inclusive of property prices not driven by market demands.