Housing market posts gains for September
Yeartodate sales numbers down versus last year
Connecticut’s housing market saw modest gains in September, with the number of sales of singlefamily homes and condominiums increasing as well the median sale price for both types of properties.
Singlefamily home sales in the state last month increased by 6.7 percent over September 2018, according to a report issued Wednesday by The Warren Group, the Massachusettsbased publisher of The Commercial Record. Over the first nine months of this year, the number of singlefamily homes sold decreased by 3.3 percent compared to the same period in 2018.
The median sale price for singlefamily homes sold last month was $260,000, a 0.8 percent increase over September 2018 and an 11year high for that month. For the first nine months of this year, the median sale price for homes sold was $264,000 a 1.5 percent increase over the same period in 2018.
“Although singlefamily home sales saw a significant gain in September, the 2019 total is still well behind where it was yeartodate in 2018,” said Tim Warren, chief executive officer of The Warren Group.
Condominium sales in Connecticut last month increased by 2.2 percent compared to September 2018. Sales of condominiums increased by 1.1 percent over the first nine months of this year compared to the same period in 2018.
The median sale price for condominiums last month rose 0.6 percent to $164,000. That represents a $500 increase from the median sale price in September 2018.
“This is the first time the September median condo price increased on a yearoveryear basis since September 2015,” Warren said.
The median sale price for condominiums sold during the first nine months of this year was