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April Home Sales Show Little Movement

The Warren Group
 

Comparing April 2017 to the same month last year, new data from the Warren Group shows that Connecticut home sales remain flat. Single-family home sales increased less than 1%, to 2,371 from last year’s April total of 2,352. The median sales price for a single-family home decreased by 2.1%, to $235,000 from $240,000.

Year-to-date (YTD) single-family home sales increased 4.8% to 8,435, compared to last year’s total of 8,048.

Comparing April 2016 with 2017, condominiums sales also experienced a small decrease, 1.2% to 657 sales, down from last year’s total of 665. However, the median sales price for condos experienced an increase of 4.7% to $164,900 from $157,500.

The Warren Group CEO, Timothy Warren Jr., commented on these findings calling the market steady and stable, though still well below market peaks a decade ago.

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