PRESS RELEASE:
By County Detail Chart Below 

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BOSTON: Single-family home sales in Connecticut increased by 23%in January, according to the latest report from The Warren Group, publisher of The Commercial Record.

A total of 2,130 single-family homes were sold in Connecticut during the month of January compared with 1,731 sold in January 2016. This is the highest total of sales in January since 2007 when the number reached 2,345 homes sold.  

The median price of a single-family home fell 1.9 percent in January to $225,000, compared with $230,000 a year ago. This is the first decline in year-over-year prices in five consecutive months.

“The Connecticut housing market has been in recovery mode since 2012,” said Timothy Warren, CEO of The Warren Group. “Despite the robust sales volume, the median sale price is slipping. At $222,500, the median price of a single family home is below the median price in January 2013 when it was $230,000.”

Condominium sales in Connecticut increased in January by 32.3 percent with 578 condos sold, up from 437 in January 2016. This marks the highest January sales output since 2007, when there were 919 condos sold.

The median sale price for condos in January decreased by 0.7 percent to $149,000, compared to 150,000 in January 2016. Median sale prices have hit their lowest January total in 13 years, when prices reached $132,700 in 2003.

COUNTY 2016 2016 PERCENT CHANGE
FAIRFIELD  
Number of Sales 135 163 17%
YTD Number of Sales 135 163 17%
Median Sale Price $232,500 $240,000 3%
YTD Median Sale Price $232,500 $240,000 3%
   
HARTFORD  
Number of Sales 129 163 21%
YTD Number of Sales 129 163 21%
Median Sale Price $138,000 $119,900 -15%
YTD Median Sale Price $138,000 $119,900 -15%
   
LITCHFIELD  
Number of Sales 20 19 -5%
YTD Number of Sales 20 19 -5%
Median Sale Price $144,250 $71,250 -102%
YTD Median Sale Price $144,250 $71,250 -102%
   
MIDDLESEX  
Number of Sales 22 42 48%
YTD Number of Sales 22 42 48%
Median Sale Price $149,000 $117,750 -27%
YTD Median Sale Price $149,000 $117,750 -27%
   
NEW HAVEN  
Number of Sales 103 157 34%
YTD Number of Sales 103 157 34%
Median Sale Price $127,000 $140,000 9%
YTD Median Sale Price $127,000 $140,000 9%
   
NEW LONDON  
Number of Sales 17 11 -55%
YTD Number of Sales 17 11 -55%
Median Sale Price $100,000 $156,000 36%
YTD Median Sale Price $100,000 $156,000 36%
   
TOLLAND  
Number of Sales 4 17 76%
YTD Number of Sales 4 17 76%
Median Sale Price $153,225 $175,000 12%
YTD Median Sale Price $153,225 $175,000 12%
   
WINDHAM  
Number of Sales 7 6 -17%
YTD Number of Sales 7 6 -17%
Median Sale Price $122,500 $112,500 -9%
YTD Median Sale Price $122,500 $112,500 -9%