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CT Home Sales Increase for 13th Consecutive Month

The Warren Group

January 2013 was the 13th consecutive month for increases in sales of single-family homes in Connecticut. 1,519 single-family homes were sold, a 14% increase from the same time last year. Additionally, the median sales price for single-family homes increased 2.4% from $210,000 from January 2012 to $215,000 in January 2013.

Windham County experienced a 42.1% increase in single family home sales, from 38 homes sold to 54 homes sold, the largest gain out of all the counties. Hartford County came in second selling 410 single family homes in January 2013 compared to 308 the same time last year for a 33.1% increase. New Haven County and Tolland County are the only two counties that saw a decrease in single family homes sold. New Haven County had a 6.7% decrease and Tolland County had a 3.4% decrease. Litchfield County had the highest increase in January 2013 for median home sales price, 17.7% from $169,500 in 2012 to $199,500 in 2013. Fairfield County, New London County, and Tolland County all experienced decreases in their year over year median home sales price.

In January 2013, 442 condos were sold in CT, an almost 22% increase from 2012. The median sales price for condos increased 3.2% from $155,000 to $160,000.

Litchfield County experienced a 100% increase in condo sales from 11 condos sold in January 2012 to 22 sold in 2013. Tolland County and Windham County were the only two towns with decreased January condo sales- Tolland County had a 27.2% decrease and Windham County had a 42.9% decrease. Half of the counties experienced decreases in their median sales prices for condos while the other half experienced increases. Windham County had the largest increase with the median sales price changing from $124,900 to $161,000 for a 28.9% increase. Litchfield County saw a drop from $109,000 to $68,250 for a 37.4% decrease.

Click here to read The Commercial Record’s piece on January Home and Condo Sales.


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