In a press release to the media today, CTR reports that the single-family residential home median sales price is $250,000 which reflects a 2 percent increase from $245,000 in that same time period last year. Median indicates that half the homes sold for more and half for less. Single-family residential home sales in Connecticut decreased 0.6 percent comparing October 2017 to October 2016. The total units of homes sold were 2,919 in October 2017 and 2,936 in October 2016.
Townhouses and condominiums median sales price is $163,000 representing a 2.5 percent increase from $159,000 in that same time period in 2016. Sales in Connecticut decreased 1.3 percent comparing October 2017 to October 2016. Total units sold were 731 in October 2017 and 741 in October 2016.
Statistics released by the National Association of REALTORS® indicate total home sales nationwide (includes single-family homes, townhomes, condominiums and co-ops) decreased 0.9 percent comparing October 2017 to October 2016; and the median national home sales price is $247,000. Regionally, Northeast home sales had no change from that same time period; with a median sales price of $272,800. do with the security deposit when a tenant who was under age 62 at the start of the lease turns 62 during the time of the lease.