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March Home Sales Data Shows Volume Up, Prices Down

The Warren Group

March home sales and price data released by The Warren Group show increased sales volume, with prices in 53 of the state’s towns on the rise. For the state, the year-to-date single-family median home sales price was $215,000 in March, down 6.5% from a year ago.  Sales volume increased by 4.6%, however, with significant fluctuations across the state. 

While median price remained static in New London County at $200,000, all other counties experienced decreases in the year-to-date (YTD) median, ranging from a 1.3% reduction in Windham County ($145,000) to a 19% decline in Litchfield County, down to $170,000. Fairfield County continues to post the highest median sales price in the state, both for the month and the year-to-date - $392,500 and $385,000 respectively. Median price among the other counties range from Windham County’s low of $145,000 to Middlesex County’s YTD median of $241,500.

The number of YTD sales also varied greatly among counties, with sales volume down 27.6% in Windham County (123 YTD) and up 19.2% in Tolland County (174 YTD). More significant were the increases in sales in Hartford (11.1%, 1048) and New Haven Counties (5.1%, 945), which account for 48% of the total sales (4157) since the start of the year. 

On the town level, 53 of Connecticut’s 169 towns posted increases in their single-family YTD median home sales price.  Volume of sales, however, varies significantly, with many of the state’s smaller towns showing only a few sales for the year thus far.

On the condo side, YTD median sales price was down 4.1% to $158,250 while volume increased slightly, by 1.4%, to 1134 sales for the YTD. March sales, however, were down 10.4% from the previous year, from 480 to 430, while the March median sales price increased by 1.4% to $161,750.

Click here to read the Commercial Record article. 
Click here for Hartford Courant blog posting on town sales and price data. 


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