State’s median home sale price reached 5-year high in June
Amid a decline in year-over-year home sales in Connecticut in June, the median price of homes sold during the month climbed 2.9 percent to 254,000 marked a 3.7 percent increase over the same period the previous year.
“Hitting a five-year high (in median sale price) is encouraging, but we need to keep in mind that the market has still not hit its pre-recession peaks,” Timothy Warren, CEO of The Warren Group, said in a statement. “In June 2007, the median price was 171,000. For the first six months of the year, condo sales totaled 4,234 transactions with a median sale price of $164,000.